Portfolio Insights:“The mission of the University is to be committed to enriching the lives of its students through its land, sea and urban grant traditions. Students, faculty, staff and alumni are united in one common purpose; to learn and lead together. The University values (1) creativity and scholarship (2) diversity, fairness and respect, (3) engaged learning and civic involvement, and (4) intellectual and ethical leadership. The University’s Transformation Goals for the 21st Century are: (1) create a 21st century 24/7 learning environment, (2) increase the magnitude, prominence, and impact of research, scholarship and creative work, (3) internationalize and globalize the University, and (4) build a community at the University that values and embraces equity and diversity.” (Source)

1) For the purpose of making research discoveries and helping support further research at the University of Rhode Island, the Board of Governors for Higher Education hereby designates the University of Rhode Island Foundation as its patent management arm and hereby appoints it as its agent to apply for, accept assignments of service, administer and market patents, plant protection rights, and other forms of intellectual property and to take steps to protect such rights.

Revenue received from these efforts shall be distributed by the Foundation in accordance with the approved patent and other intellectual property policies of the University. (Source)

2) In July 2009, the University of Rhode Island Foundation elected Anna to the Executive Board. Along with her duties as Associate Vice President for Grant Programs, Anna currently co-leads the grant making for the Foundation and serves on the board of the Grantmakers Council of Rhode Island. Anna lives in North Providence with her husband William and their two young sons, Cano and Moises. (Source)

3) Diversified industrial manufacturer Eaton Corporation announced today it donated $10,000 to University of Rhode Island (URI) Foundation. Funds will be used to support URI’s Science and Math Investigative Learning Experiences (SMILE) program.

“The SMILE program fosters in youth the interest in learning science and math, and the motivation to remain in school, graduate, and go onto college,” said Carol Englander, director, SMILE Program. “Thanks to donations from companies like Eaton, SMILE has established programs at the elementary, middle and high school levels in South Kingstown, West Warwick, Woonsocket, and Central Falls.” (Source)

4) Thomas J. Silvia, chairman of the URI Foundation Executive Board, today announced that Michael J. Smith has been named as the new president of the URI Foundation. Smith, a high-level administrator serving most recently as vice president for development for the Kansas State University Foundation, will officially begin December 1st.

“We are very pleased that Michael has agreed to come on board as the Foundation’s new president. We were unanimous in our decision and feel strongly that he possesses the ideal mix of extensive, hands-on fundraising knowledge, strategy development experience and proven management skills that will help take charitable giving at URI to the next level,” said Silvia. (Source)

5) A new $1-million donation to the University of Rhode Island from Alex and Ani, LLC will support natural product research and the discovery of plant-based molecules to improve human well-being. In recognition of the generous gift, the University will name a research lab in the $75 million, state-of-the-art College of Pharmacy building on the Kingston campus, the Alex and Ani Impact Lab.

“We are excited to have an association with a leading Rhode Island and world-class brand like Alex and Ani,” said URI President David M. Dooley. “With our faculty, and our undergraduate and graduate students all contributing to ever expanding possibilities for research, innovation and discovery in this lab, we are confident that the internationally recognized work being conducted here will have a positive impact on our university as well as the state’s economy. We are grateful to Alex and Ani for its support of the University of Rhode Island.” (Source)

Portfolio Insights:“Regent University (the University) is a nonstock, nonprofit educational institution established in 1977. The University is accredited by the Southern association of Colleges and Schools.

Regent’s endowment consists of approximately 116 individual funds established for variety of purposes including both donor-restricted endowment funds and funds designed by the Board to function as endowments. Net assets associated with endowment funds, including funds designed by the Board to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) After graduating with his undergraduate degree, Mr. Dean Wooten worked as a senior auditor for Deloitte Haskins and Sells in Oklahoma, where he audited Fortune 500 companies and non-profit organizations. He worked several years as the controller for a recycling firm in Texas before moving to Virginia to study at Regent and eventually work as an employee. In his 15 years with the university, Mr. Wooten has advanced from his role as Regent’s accounting manager to controller and now vice president for finance.

Mr. Wooten is a Certified Public Accountant. He is also a member of the Association of Business Administrators of Christian Colleges, the National Association of College and University Business Officers, and the Virginia Society of Certified Public Accountants.

He earned his MBA at Regent University and was awarded a B.S. in Accounting by Oral Roberts University. (Source)

2) Regent University College of Science and Technology is playing a leading role in preparing graduates who will rise to the scientific challenges of the 21stcentury, to offer new insights into long standing problems, and power the economy of Ghana with technological skills.

The University has been established to educate and enlighten a community of learners at a distinctive cutting edge African Christian University that is dedicated to preparing purpose-driven human resources in science and technology application for holistic socio- economic development and spiritual renewal. Recognizing its particular responsibility toward the African continent, Regent-Ghana seeks to be one of the leading private universities on the continent providing well-rounded educational opportunities, especially in the areas of science and technology application through high quality ICT-driven teaching, learning and research. (Source)

3) Regent University is an educational institution that offers associate’s, undergraduate, graduate and post-graduate programs in law, leadership, business, psychology, counseling, communication, arts, divinity, education, and government. The schools of the university include School of Undergraduate Studies and seven graduate schools: School of Communication & the Arts, School of Divinity, School of Education, School of Global Leadership & Entrepreneurship, Robertson School of Government, School of Law, and School of Psychology & Counseling. Additionally, it provides online learning services. Regent University was founded in 1977 and is based in Virginia Beach, Virginia. It has endowment assets worth $325.5 millions. (Source)

4) Beverly Brown is fairly new to the Regent University community, having only been appointed to the Board of Trustees in October 2011, but her newness is masked by vision and support. Brown has recently established an endowment fund for Regent that will serve the Youth and Urban Renewal Center (YURC) and the Center for Latino Leadership (CLL), allowing each center to help further the education of at-risk students.

“I am thrilled to be contributing to the great work that Regent is doing in the Latino and urban communities,” says Brown. “My prayer is that this endowment will help Regent’s centers fulfill their God-given mission to engage our culture and to reach and uplift our young people to bring them together in the unity of Christ’s Spirit for His glory.” (Source)

5) Regent is a fully accredited graduate university that offers degrees in business, communication & the arts, divinity, education, government, law, organizational leadership and psychology & counseling. In addition, Regent offers a bachelor’s degree completion program. Regent University is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award the bachelor’s, master’s and doctor’s degrees, and has enrollment of over 4,000 students. In addition to the main campus in Virginia Beach, Regent offers programs online via their Worldwide Campus. (Source)

Portfolio Insights:“Goucher College (Goucher or the College) is a private, nonprofit institution of higher education based in Baltimore, Maryland. The College provides education and training services to approximately 2,300 students, primarily at the undergraduate level. The majority of full-time students live on campus during the academic year. The College is governed by a Board of Trustees (the Board) assembled from a diverse community of volunteers with experience in finance, business management, government, and education.

Contributions received, including unconditional promises to give, are recognized as revenues in the appropriate category of net assets in the period received. Investments are stated at fair value, which is generally determined based on quoted market prices. Investments in common collective trust funds, limited partnership interests, and hedge funds (collectively, alternative investments) are stated at estimated fair value based upon the funds’ net asset value or their equivalents as a practical expedient, unless it is probable that all or a portion of the investment will be sold for an amount different from net asset value.” (Source)

1) At Goucher College in Towson, the endowment swelled 13 percent to $210 million as of Oct. 31, up from $186 million on Oct. 31, 2012. The gains at Goucher and other Baltimore-area colleges and universities reflect what is happening nationally. College and university endowments have produced an average return, excluding investment fees, of 11.7 percent for the 12 months ended June 30, according to a survey released Nov. 6 by the National Association of College and University Business Officers and the Commonfund Institute investments. That compared with an average loss of 0.3 percent for the 12 months ended June 30, 2012.

While Goucher’s endowment grew as a result of some gifts from donors between Oct. 31, 2012 and this October, “the majority [of the increase] is clearly due to market performance,” said W. Tom Phizacklea, Goucher’s vice president of finance.

The $210 million in the fund is near the high of $212 million reached back in Sept. 2007 — before the 2008-2009 financial crisis. Goucher’s endowment dropped to $138 million at the end of March 2009. Phizacklea said. (Source)

2) The Goucher College endowment campaign for the $1,000,000 fund is being pushed vigorously. John T. Stone, one of the Trustees, is financial chairman, and he is assisted by citizens of Baltimore, without regard to religious creed. More than 2,000 letters have been sent out to prospective subscribers, and a seven days’ campaign has begun. (Source)

3) Goucher College is an educational and research institute that provides graduate and under-graduate programs in 18 departments and six interdisciplinary areas. The Center for Graduate and Professional Studies provides instruction in planning management, marketing communications, public relations, historic preservation, fund raising management, and non-profit management. Goucher College was founded in 1885 and is based in Baltimore, Maryland. It has endowment assets worth $162 million. (Source)

4) The provost is the chief academic officer of the college. Among the responsibilities of the provost are the oversight of all academic programs, the hiring and evaluation of faculty, and curricular development. In addition, the Registrar, Office of International Program, the library, and the Welch Center for Graduate and Professional Studies report directly to the provost. The associate dean for undergraduate studies, La Jerne Cornish, coordinates academic advising and related matters and provides oversight for the Academic Center for Excellence. The associate dean for faculty affairs, Janet Shope, is responsible for faculty development and assessment of student learning. Questions pertaining to these and related matters should be directed to the Provost’s Office. (Source)

5) Goucher College is situated in Baltimore. The endowment is supported by individual contributions to the college’s Annual Fund along with deferred gifts, such as charitable annuities. (Source)

Portfolio Insights:“The Citadel (or “College”) is pleased to present its financial statements for fiscal year 2013. While audited financial statements for fiscal year 2012 are not presented with this report, condensed operations and financial position data will be presented in this section in order to illustrate certain increases and decreases. However, the emphasis of discussions about these statements will be on current year data. This discussion focuses on the combined operations and financial positions of the College, defined for purposes of this discussion as both the primary institution — The Citadel,and its blended component unit — The Citadel Trust. The discussion excludes the College’s non-governmental component units – The Citadel Foundation and The Citadel Brigadier Foundation.

During fiscal year 2013, the South Carolina economy stabilized and began a slight recovery. Total State appropriations, which include other items such as State health insurance allocations, increased $679,022 from $8,687,068 in 2012 to $9,366,090 in 2013. Total State appropriations peaked in fiscal year 2008 at $16,895, 424, and have declined 44% since that timeframe. The Citadel also received $937,691 in state capital appropriations and $412,919 in Lottery appropriations in 2013 to fund College deferred maintenance.” (Source)

1) Jay Dowd joined The Citadel Foundation as Chief Executive Officer in February 2013. Jay has 20 years of experience in higher education fundraising, institutional advancement, and executive leadership. Prior to joining the Foundation team, he served as Francis Marion’s vice president for development and as executive director at the Francis Marion University Education Foundation. As CEO of The Citadel Foundation and the college’s chief advancement officer, Jay, in coordination with the president, Board of Visitors, and the TCF Board of Directors, is charged with developing and implementing a wide-reaching fundraising program for current and future funding needs of the college. In conjunction with the foundation staff, Jay works to ensure a coordinated approach to institutional advancement, supporting the college’s strategic priorities. (Source)

2) The Citadel Foundation, a 501(c)3 charitable organization, was established with the primary purpose of providing financial assistance and support exclusively for The Citadel. Founded in 1961 as The Citadel Development Foundation, the organization was initially tasked with raising money exclusively for educational purposes through the academic endowment fund.

The Citadel Foundation, as it is known today, emerged from a campus-wide consolidation of fundraising entities in 2000, and is now responsible for raising funds for all purposes except athletic scholarships, which remains primarily under the purview of The Citadel Brigadier Foundation.

Donations to The Citadel Foundation go to a variety of programs including academic scholarships, faculty support, athletic facilities, individual academic schools, program funds, and vital expenses not covered by tuition or fees. Gifts to The Citadel Fund, the unrestricted fund that supports the college’s ongoing operating expenses, totalled over $1,176,000 in 2004. (Source)

3) The Military College of South Carolina at The Citadel celebrated Leaders in Philanthropy weekend, October 17-18, 2014. The Citadel Foundation hosts this event annually to recognize select Citadel alumni “for their leadership and generosity in support of The Citadel, and for their philanthropic intent to help others with the belief that charity and service are virtues of the principled leader.” John Chapman (’78), pictured on the left, was inducted into The Order of the Tartan, recognizing 25 years of consecutive giving to The Citadel Foundation. Fred Price (’71), pictured in the center, is a current member of The Citadel Board of Visitors and a former inductee into The Order of the Tartan, The Legacy Society and The Summerall Society. Alec Giles (’79), pictured on the right, is a former inductee into The Order of the Tartan and was also inducted into The Summerall Society and The Legacy Society during the ceremonies held in the Summerall Chapel. (Source)

4) The Citadel Foundation, a 501(c)3 charitable organization, was established with the primary purpose of providing financial assistance and support exclusively for The Citadel. Founded in 1961 as The Citadel Development Foundation, the organization was initially tasked with raising money exclusively for educational purposes through the academic endowment fund.

The Citadel Foundation, as it is known today, emerged from a campus-wide consolidation of fundraising entities in 2000 and is now responsible for raising funds for all purposes except athletic scholarships, which remain primarily under the purview of The Citadel Brigadier Foundation. (Source)

5) The Citadel Foundation currently is working to raise $2.5 million to create an endowment for the chair, the interest from which will pay Riley and his successors. Bo Moore, dean of the School of Humanities and Social Sciences, said Riley’s salary has not yet been determined.

Riley, who will spend at least one semester each year working on campus, said that while at The Citadel, he will teach about government and public policy, write his memoirs and help arrange guest lectures by distinguished public servants. He also will be interviewed for an extensive oral history of his life and career.

Riley said he was honored to be invited to return to The Citadel. “The three major blocks in the early foundation of my personal and professional life were my family, my church and my education and training at The Citadel.” (Source)

Portfolio Insights:“Tulane University, a private research university founded in 1834, is one of the most respected universities in the country. A member of the prestigious Association of American Universities, it is consistently ranked among the top universities in the nation. With research and educational partnerships that span the globe, top-ranked programs in academic and professional schools and its location in historic New Orleans, Louisiana, Tulane offers an unparalleled educational experience for its 13,486 students.

The university has agreements with donors that include irrevocable charitable remainder trusts, charitable gift annuities, and life income funds where the university serves as trustee. Assets held in trust are generally comprised of investments. Such values are reported as temporarily restricted net assets net of the estimated future payments to be made to donors or other beneficiaries.” (Source)

1) Only at Tulane University is there a billion-dollar endowment that supports the fossil fuel companies whose activities imperil the very city Tulane claims to empower. Because it is unconscionable to pay for our education with investments that will condemn New Orleans, this nation, and the planet to climate disaster, we call on Tulane University to immediately freeze any new investment in fossil fuel companies, and to divest within five years from direct ownership and from any commingled funds that include fossil fuel public equities and corporate bonds. (Source)

2) Tulane University has hired Jeremy Crigler as chief investment officer. Crigler’s primary responsibility will be managing the school’s endowment, which recently reached $1 billion. Crigler, 43, previously served as senior investment officer for Cornell University in Ithaca, N.Y, where he was part of a team responsible for developing and implementing investment policies and performance measures for the university’s $6 billion endowment. He also managed a team responsible for investing $2.5 billion in public equity, hedge funds and other assets for the university. (Source)

3) Tulane University is successful in obtaining millions of dollars of public funds from the state of Louisiana. This support to a private institution that primarily services out-of-state students violates the State Attorney General’s opinion about using public funds for private purposes, and rewards an academic institution that engages in tax-sheltered business activities in violation of its founding charter. (Source)

4) Tulane University has hired Richard Chau from wealth advisory Bessemer Trust as its new director of private investments. His arrival comes as Tulane attempts to boost its $1 billion endowment portfolio’s exposure to private investments. Chau was previously an investment analyst at the Andrew W. Mellon Foundation. Chau, whose role is effective as of last week, replaces Cari Lodge who was hired by Commonfund Capital in May to oversee its private secondaries busines (Source)

5) Tulane University was founded in 1834 in New Orleans, LA. The University’s endowment is managed by an investment and support staff based in Darien, CT. The $1.2 billion endowment is well diversified across assets classes and geographies and is used to support the University’s mission. (Source)

The investment management team and the Institute’s Board of Trustee Investment Committee’s goal is to provide increased support for the Institute’s academic and research programs through excellence in its investment management.” (Source)

1) The California Institute of Technology Investment Office has adopted AIM by Application Experts to track fund managers and each associated fund under those managers. Caltech is using AIM across several different asset classes including real assets, private equity, and absolute returns and applying a multi-investing approach in each class.

The Caltech Investment Office oversees the institution’s investment-management activities and manages close to $1.7 billion of endowment, trust and other assets, including real estate. The investment management team and the Institute’s Board of Trustee Investment Committee’s goal is to provide increased support for the Institute’s academic and research programs through excellence in its investment management. (Source)

2) The California Institute of Technology has a revolving loan fund that draws money from the endowment to fund energy efficiency projects. The Sustainability Council has implemented a new campus-wide recycling and composting system, a rebate system for fuel-efficient vehicles, and a campus sustainability guide, among other initiatives. The custodial department purchases exclusively recycled paper products and green cleaning products. (Source)

3) California Institute of Technology is a private institution that was founded in 1891. It has a total undergraduate enrollment of 977, its setting is suburban, and the campus size is 124 acres. It utilizes a quarter-based academic calendar. California Institute of Technology’s ranking in the 2015 edition of Best Colleges is National Universities, 10. Its tuition and fees are $43,362 (2014-15).

Caltech, which focuses on science and engineering, is located in Pasadena, California, approximately 11 miles northeast of Los Angeles. Social and academic life at Caltech centers on the eight student houses, which the school describes as “self-governing living groups.” Student houses incorporate an admired Caltech tradition: dinners served by student waiters. Only freshmen are required to live on campus, but around 80 percent of students remain in their house for all four years. The Caltech Beavers have a number of NCAA Division III teams that compete in the Southern California Intercollegiate Athletic Conference. Integral to student life is the Honor Code, which dictates that “No member of the Caltech community shall take unfair advantage of any other member of the Caltech community.” (Source)

4) Caltech is a world-renowned science and engineering research and education institution, where extraordinary faculty and students seek answers to complex questions, discover new knowledge, lead innovation, and transform our future. Caltech’s mission is to expand human knowledge and benefit society through research integrated with education. We investigate the most challenging, fundamental problems in science and technology in a singularly collegial, interdisciplinary atmosphere, while educating outstanding students to become creative members of society. (Source)

5) California Institute of Technology is an educational institution offering graduate and undergraduates programs. Its focuses on areas such as biology; chemistry and chemical engineering; engineering and applied science; geological and planetary sciences; humanities and social sciences; physics, mathematics and astronomy; interdisciplinary programs; and intra-divisional areas of study. California Institute of Technology was established in 1891 and is based in Pasadena, California. The university has endowment assets worth $1.83 billion. (Source)

Portfolio Insights:“The University of La Verne (the “University”) was founded in 1891 as an independent coeducational liberal arts and science college. The University’s endowment consists of approximately individual donor-restricted funds and board-designated restricted funds. The net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions. For the board designated funds functioning as endowment, the net assets are classified as unrestricted.

Hedge fund– Fund of funds–These funds are primarily composed of equities, specialized debt and credit instruments, and multi-strategy assets. The underlying funds investin long and short common stocks of U.S. and non-U.S. issuers; long and short corporate bonds and other fixed income securities, including distressed securities of both U.S. and non-U.S. issuers; and other investment vehicles including but not limited to risk arbitrage, convertible bond arbitrage, and intra-capital arbitrage.“ (Source)

1) An associate professor of writing at the University of La Verne has received a grant from the National Endowment for the Arts in recognition of his fiction. The grant carries a $25,000 prize. Sean Bernard received word of the prestigious award last month. He’s one of only 40 grant recipients out of 1,179 applicants, and the only winner from Southern California. Bernard, of Claremont, said the grant is his highest honor yet, and he hopes other achievements will follow. The 34-year-old has completed a novel, called “Studies in the Hereafter,” and has secured an agent who is shopping the book to publishers. Bernard submitted two short stories in February with his grant application: “California,” which will soon be published in The Portland Review, and “in the days of butchers,” which appeared last year in Eleven Eleven.Bernard said he was surprised to learn he’d won a grant, which are awarded every other year for fiction writers. (Source)

2) Devorah Lieberman in 2011, became the 18th president of the University of La Verne, and first female president in its 120 year history. In 2011, appointed to the ACE Network Executive Board as a state liaison for Women in Higher Education and is currently serving a three-year term on the Western Association of Schools & Colleges (WASC) Accrediting Commission for Senior Colleges & Universities. In January 2012, named to the American Council of Education’s (ACE) Commission on Inclusion and to the Resource Development Committee for the Hispanic Association of Colleges & Universities (HACU). As part of a 30 year career in higher education, served previously as provost and vice president of Academic Affairs at Wagner College in New York. (Source)

3) Dr. Jonathan Reed has been selected as the University La Verne’s permanent provost and vice president of academic affairs following a nationwide search. Reed has served as interim provost at La Verne since January.

“I am confident Dr. Reed’s academic qualifications, professional achievements, understanding of the academic and student support needs at La Verne, and vision for our future success have positioned him to be a successful provost, leader and collaborator at the University of La Verne for years to come,” said ULV President Devorah Lieberman.

Reed came to La Verne in 1992 as an assistant professor of religion and earned his doctorate in religion from Claremont Graduate University two years later. He chaired La Verne’s Department of Religion & Philosophy twice before becoming interim dean of the College of Arts & Sciences in 2009, a position that became permanent for him in 2012. (Source)

4) Four students from the University of La Verne College of Law will be putting their law school educations to work this summer on important issues that affect society. Noelia Barajas, Amanda Dearmin, Marcella Lucente, and Amir Zahedi all received grants that will assist them while they work at public interest law firms. Such jobs typically are unpaid, so the grants help pay for transportation and other costs.

“The whole concept behind it is to help fund students with summer positions in public interest law,” said Assistant Dean of Student Affairs and Career Services August Farnsworth. “It brings awareness and helps fund these summer grants.”

The awards totaling about $6,000 were made at the 4th annual La Verne Law PILF Silent Auction and Reception on April 20. The event is sponsored by the Public Interest Law Foundation and the Criminal Law Society. Dean Philip A Hawkey and Professor Diane K. Uchimiya, Director of the Justice and Immigration Clinic, announced the winners. (Source)

5) The University of La Verne announced Wednesday that it has received $1.5 million in grant funding for programs in STEM education (science, technology, math and engineering). The bulk of the grant comes from the U.S. Department of Education, which agreed to give the university $1.42 million over five years. The grant was announced in October and first implemented in December, Associate Biology Professor Kat Weaver said.

Other funding comes from the Rose Hills Foundation ($75,000) and Southern California Edison ($15,000), according to a news release. The grants will be spent on classroom technology, a summer science camp for high school students, community outreach and senior students’ research projects, Weaver said.

“I think training the future of the field is really important,” Weaver said. “President Obama says, if you listen to him talk about science and education, he thinks science is one of the fields where we’re going.” (Source)

Portfolio Insights:“The Longwood University Foundation, Inc. and Affiliates (the “Foundation”) receives 85% of the Hull Foundation’s net income. The assets of the Hull Foundation include two charitable remainder trusts and other investments. Fifteen percent of the Hull Foundation net assets are payable to unrelated third parties and have been recorded in the consolidated statements of financial position as amounts payable to third-party beneficiaries.

The Foundation’s endowment consists of approximately 330 individual funds established for a variety of purposes including both donor-restricted endowment funds and funds designated by the Foundation’s Board of Directors (the “Board”) to function as endowments. Net assets associated with endowment funds, including funds designated by the Board as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) The Longwood University Foundation, which reported a $35.9 million market value in FY10, had a 14.2 percent net investment return during the fiscal year. “The investment gains received during FY10 are first being used to rebuild underwater funds and then replenish reserves that were used to buffer the endowment distributions of the underwater funds,” says Hazel Duncan, the foundation’s chief financial officer. This approach has already generated positive results for her institution, as the percentage of endowments underwater fell from 75 percent in 2009 to 25 percent in 2010. Overall, the share of underwater endowments fell from about 22 percent to 14 percent, with the smaller institutional funds seeing larger average declines in underwater assets. (Source)

2) W. Taylor Reveley IV began his term as Longwood University’s 26th president on June 1, 2013. He is the grandson, great-grandson, and great-nephew of Longwood graduates, and the great-grandson of a Longwood biology professor. As president, his principal areas of focus have included championing the value of the liberal arts and sciences in public higher education; improving student retention and graduation rates, particularly through the use of “big data” to track student progress and offer targeted support; and elevating the national profile of Longwood — Virginia’s third-oldest public university, and one of the hundred-oldest colleges and universities in the nation.

A Richmond native, Reveley graduated with honors from Princeton University, where he majored in classics and was a member of the football team. He received a master’s degree from Union Presbyterian Seminary and a J.D. from the University of Virginia. He began his career as an attorney with the law firm of Hunton & Williams, engaging in mergers, acquisitions and financings totaling $1.6 billion for both public and private entities. He also represented the Harvest Foundation in its work to start a new, public baccalaureate initiative in Southside Virginia, an effort that resulted in the founding of the New College Institute of Martinsville. (Source)

3) Longwood University has received a $1,000,000 gift from Dr. Edward I. Gordon to fund the Clinical Simulation Learning Center for the new nursing program. This is the largest gift from a local donor in the history of the university.

“Dr. Gordon’s gift represents a significant milestone in the life of Longwood’s nursing program,” said Longwood President Dr. Patricia P. Cormier. “As a physician who has served a rural area for his entire career, Dr. Gordon is acutely aware of the critical need for healthcare in south-central Virginia. This gift, the largest in Longwood’s history from a local donor, will open the door for the next generation of healthcare providers in this region. I know I speak for the entire Longwood community when I express our sincerest gratitude to Dr. Gordon.”

Dr. Gordon has practiced pediatric and family medicine in Farmville for 36 years. In addition to his family practice, he serves as chief physician to The Woodland retirement community; medical director for Piedmont Regional Jail and Farmville Police Department; and as medical examiner for Prince Edward and Cumberland counties. He developed the pediatric and nursery departments for Southside Community Hospital where he also established the newborn and pediatric intensive care units. He has represented Ward A on the Farmville Town Council for three years. (Source)

4) A company led by a Longwood University alumnus has donated $30,000 to the SNVC Institute for Leadership and Innovation, based in Longwood’s College of Business & Economics, to implement a leadership development training program in a Virginia elementary school.

The gift from The Choice Inc., a staffing company headquartered in Washington, D.C., whose president and CEO is Drew Hudson, a 1990 graduate, will be used to implement The Leader in Me, which is for students in pre-kindergarten through grade six and is based on the 7 Habits of Highly Effective People. Hudson hopes the program will be implemented in a school in Culpeper, his hometown. The gift is part of the SNVC Institute’s campaign to raise $100,000 for The Leader in Me.

“In an era of focus on SOLs, gifted and talented students, and AP and IB programs, it is a pleasure to be a part of a program such as The Leader in Me,” said Hudson, a former president of the Longwood Alumni Association. (Source)

5) Longwood University is an institution of higher learning dedicated to the development of citizen leaders who are prepared to make positive contributions to the common good of society. Building upon its strong foundation in the liberal arts and sciences, the University provides an environment in which exceptional teaching fosters student learning, scholarship, and achievement. As the only four-year public institution in south central Virginia, Longwood University serves as a catalyst for regional prosperity and advancement.

Longwood University will transform capable men and women into citizen leaders, fully engaged in the world around them. The University will be a first choice institution renowned for developing the power of citizen leadership in its students for the benefit of the greater community. (Source)

Portfolio Insights:“The Troy University Foundation (the FOlmdation) was incorporated as all Alaballla nonprofit corporation on July 16, 1968, for the purpose of promoting broader educational opportunities for, and services to, the students and alUlllili of Troy University. The Foundation is exempt from income taxes under Section 50l(c)(3) ofthe Internal Revenue Code and similar provisions of Alabmna law.

The Foundation carries investments in marketable equity securities with readily detenninable fair values and all investments in debt securities at their fair values in the statements of financial position. Real estate investments which were received by gift are carried at fair value (at the date of the gift). Realized and unrealized gains and losses are included in the change in net assets in the accompanying statements of activities.” (Source)

1) Troy University Foundation reported $114 million in assets as of year-end, making it one of the larger nonprofits. The reported income for Troy University Foundation was $13.1 million, which makes it one of the highest income nonprofits. (Source)

2) At June 30, 2010, Troy University’s Foundation held approximately $43.1 million of assets with $18 million reserved in short-term investments and the remainder in a traditional short-term endowment portfolio consisting of 60% equity and 40% fixed income, invested in various Vanguard index funds. At June 30, 2010, the University had a healthy endowment investment return of 13.2% for the trailing 12 months. (Source)

3) Troy University trustee Milton McGregor presented a $1 million check to Chancellor Jack Hawkins Jr. as the initial gift toward a new multipurpose arena to be built on the Troy campus. The check presentation was made at Milton and Pat McGregor’s Montgomery home with members of the Troy University Board of Trustees, the Troy University Foundation board of directors and invited guests in attendance. McGregor is president and chief executive officer of VictoryLand in Shorter. “We appreciate Milton and Pat McGregor’s willingness to invest in the future of Troy University,” (Source)

4) Troy University will celebrate the delivery of the largest current collection of new Steinway pianos in the state on Monday, culminating its initiative to become an All-Steinway School. The delivery will bring the John M. Long School of Music’s inventory to 29 Steinway pianos, including the first two Sterling Steinways ever produced.

Troy University began the All-Steinway initiative in fall 2013, with a formal announcement of the effort taking place last March. All-Steinway Schools are institutions that have only Steinways or Steinway-designed pianos such as Boston or Essex in their inventory. Troy University is the first Steinway University in the state of Alabama and the 17th in the world to feature only Steinway pianos.

Trucks delivering the pianos are set to arrive on Monday, and the University will officially recognize the All-Steinway moniker with a special, by-invitation event on Tuesday night, featuring all of the pianos together in the band rehearsal site at John M. Long Hall. The delivery of the new Steinways will mean that every performance venue, rehearsal hall, teaching studio and practice room will have only Steinway pianos. (Source)

5) Dr. Jack Hawkins, Jr., a native of Mobile, Alabama, was named Chancellor of Troy University Sept. 1, 1989. He earned his bachelor’s and master’s degrees from the University of Montevallo and his doctorate from the University of Alabama.

Upon completion of his bachelor’s degree in 1967, Hawkins was commissioned a lieutenant in the U.S. Marine Corps and served as a platoon leader during the Vietnam War. For his combat duty, he received the Bronze Star, the Purple Heart and a citation from the Korean Marine Corps.

Hawkins has overseen an era of change and growth at TROY, as he led the merger of the worldwide Troy State University System into the unified Troy University, an initiative called “One Great University.” More than $250 million has been invested in capital improvements by the Hawkins Administration, including new academic buildings on all four of TROY’s Alabama campuses. Chancellor Hawkins served as the catalyst for the University’s evolution to an international institution, as TROY has attracted record numbers of students from other nations and established teaching sites around the world. During his tenure, academic standards for admission have been increased, new degree programs were established in all academic colleges, and intercollegiate athletics joined the highest level of NCAA competition. (Source)

Portfolio Insights:“College of Saint Benedict (the “College”) is a liberal arts higher education institution. The College, an all-female institution, operates in coordination with St. John’s University, an all-male institution, sharing academic programs, facilities and staff. The College’s endowment consists of 310 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the governing board to function as endowments.

Investments in global equity funds, diversified inflation hedge funds and hedge funds of funds for which quoted prices are not readily available but where the College has the ability to redeem its interest at or near the statement of financial position date.”(Source)

1) The mission of the College of Saint Benedict is to provide for women the best residential liberal arts education in the Catholic university tradition. The college fosters integrated learning, exceptional leadership for change and wisdom for a lifetime.

Our history is characterized by a fierce belief in the power of liberal education, an engagement with the world around us, responsiveness to the needs of society, an enduring commitment to our Catholic and Benedictine Heritage, and an unwavering focus on women’s development as leaders, professionals, and scholars. We envision our future as grounded in these same commitments, and we embrace the changes and challenges impacting the world with the same courage, strength, and boldness of our foremothers. (Source)

2) Dr. Mary Dana Hinton became the fifteenth president of the College of Saint Benedict in St. Joseph, Minn., on July 1, 2014.

The College of Saint Benedict is a national liberal arts college for women, and one of only three Catholic colleges ranked by U.S. News and World Report as a top 100 liberal arts institutions. The college has a unique partnership with nearby Saint John’s University for men that expands the resources of both institutions, offering more than 60 areas of study and the distinct benefits of two nationally respected Catholic, undergraduate colleges.

The college has achieved national recognition for its strength in international education, with 20 semester-long study abroad sites on six continents, and for the Marie and Robert Jackson Fellows program, offering fellowship support to students in competitive public-service internships. The College of Saint Benedict received the 2012 Senator Paul Simon Award for Comprehensive Internationalization for excellence in internationalization efforts as evidenced in practices, structures, philosophies, and policies. The College of Saint Benedict has also been recognized as a “Best Value” college by Fiske, Barron’s, and Kiplinger’s. (Source)

3) Saint John’s University was recently awarded a $750,000 grant from the Manitou Fund for the Donald McNeely Center for Entrepreneurship of the College of Saint Benedict and Saint John’s University. This is a five-year pledge beginning with the 2013-14 academic year. This commitment will provide the needed support to continue the core operations of the Donald McNeely Center for Entrepreneurship while SJU continues to pursue endowment and annual support to sustain the operations long term.

“This gift from the Manitou Fund is such a wonderful way to honor Donald McNeely,” said Terri Barreiro, director of the McNeely Center. “The gift provides core support for the McNeely Center and enables us to sustain its life-changing programs for students, the ongoing services to entrepreneurial alums and the campus wide engagement strategies that stimulate entrepreneurial approaches to marketplace and social issues in the world around us.”

Since its founding in 2004, the Donald McNeely Center for Entrepreneurship has evolved into a highly successful interdisciplinary program that serves students, faculty and alumni of CSB and SJU. It is touted for its unique emphasis on both business entrepreneurship and social entrepreneurship. (Source)

4) The College of Saint Benedict and Saint John’s University are nationally leading liberal arts colleges whose unique partnership provides students with a highly engaged learning experience, preparing them for leadership in a global society. The student experience is enlivened by our Catholic and Benedictine Tradition and an extraordinary sense of community. (Source)

5) The College of Saint Benedict has received a grant of $1,476,178 from Lilly Endowment Inc., to support a program to help prepare a new generation of women for leadership in church and society. The grant is the largest single foundation gift ever received by the college. Since March 2002, the College of Saint Benedict has received $5.1 million for vocational development and to establish an endowed chair in Catholic Thought and Culture.

Companions on the Journey: Listening for the Voice of Vocation, a program for the theological exploration of vocation, is based on the specific character of the College of Saint Benedict and draws upon the monastic heritage and its emphasis on listening and community. The program will provide opportunities to strengthen vocational awareness among students, faculty, staff and alumnae by adapting the monastic practice of companioning for the laity. In addition, through retreats, discussion groups, opportunities for reflection and other activities, the program will enhance the school’s capacity to draw on the resources of its faculty and staff to help women connect their values with their life choices.

“This is wonderful news,” said CSB President Mary Lyons. “The College of Saint Benedict has a long-standing commitment to educate women for leadership. Our Catholic tradition and Benedictine heritage provide our students with an enriched environment that informs their values and nourishes their spirituality.” (Source)

Portfolio Insights:“Lebanon Valley College (the “College”) is a small, private, liberal arts college located in Annville, Pennsylvania. The College provides education services primarily at the undergraduate level. The College’s endowment consists of approximately 343 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments.

The fair values of equity and fixed income mutual funds and commodities funds are based on the quoted market price of the underlying securities. The fair values of other investments, consisting primarily of short-term financial instruments, are based on values reported by external investment managers when available using quoted market prices or using prices for similar assets with similar terms in actively traded markets. Alternative investments are comprised of hedge funds and private equity investments, which are measured at fair value based upon the net asset value of their underlying investments.” (Source)

1) Lebanon Valley College starts the academic year Friday with a record 1,677 students, which is on target to meet an enrollment goal of 1,700 by 2016. President Lewis Evitts Thayne also announced Thursday that the Middle States Commission on Higher Education has lifted the warning status placed on LVC in June 2012 in two categories: institutional and student learning assessments.

Thayne said the Middle States team’s final report complimented the college for bringing it into compliance in a short period of time. At the college’s opening breakfast, Thayne also distributed the traditional community contributions LVC makes in Annville. Annville-Cleona School District received $17,800, bringing the total given to the district by LVC to $165,000 in the past 10 years.

Annville Twp. received $11,450, which is half of the $22,900 the township will be getting this year. In 10 years, the township has received $240,000. LVC also donated $500,000 to the Annville downtown redevelopment project. (Source)

2) After a combined 47 years of service, two members of the Lebanon Valley College Board of Trustees have retired. Seven new members, including a faculty and student representative, joined the board to fill the retiree’s shoes.

Dr. E.H. Arnold H’87 was elected to the board on May 16, 1975, and served as a board member through five presidents and two acting presidents. He served as board vice chair since 1989, and joined the Finance and Investment Committee in the early 1980s, serving as committee chair since 1994. Arnold played an important role in financial review and oversight, and the improvement of LVC’s financial position during his tenure on the board. Under his leadership, full-time undergraduate enrollment increased from 1,015 to 1,611; endowment funds increased from $3 million to $41.5 million in 2010; the operating budget increased from just over $5 million in 1975-76 to $52 million for the coming year; and in 1991, the merit scholarship program was announced and since then full-time enrollment has doubled. (Source)

3) Leveraging Lebanon Valley College’s recurring gift structure and the generosity of an employer match, trustee and 1993 graduate Ryan Tweedie’s recent pledge will result in more than $100,000 for The Valley. Tweedie has pledged to donate a recurring monthly gift of $500 to the College, after already donating more than $40,000 toward various projects since becoming a trustee. The EY Foundation, established by Ernst & Young, will match his LVC giving for 2013, 2014, and into the future.

“LVC offers excellent academics, but equally important is that it offers a very diverse college experience,” Tweedie says. “I made friends and connections for life there, was in a fraternity as well as other social clubs, played formal and intramural sports, was involved in community activities, and more. That experience was very valuable to me, and I believe it’s a major differentiator for LVC.”

Tweedie joined the College’s Board of Trustees in 2010 and serves on the Advancement Committee as well as the Investment Committee. He was an exceptionally well-rounded student at The Valley, majoring in management, playing on the College’s golf and soccer teams, and pledging Tau Kappa Epsilon. (Source)

4) Lebanon Valley College announced the second round of annual grants awarded by the College’s President’s Innovation Fund. A total of 14 grants were awarded to 30 faculty members and administrators from 13 academic departments and six administrative offices of the College. These 14 awardees follow the 13 grants awarded in spring 2013, the inaugural year of the President’s Innovation Fund.

The grants, which are effective immediately, will fund projects ranging from the enhancement of two long-term LVC trademark programs—student-faculty summer research and annual Colloquium Series—to interdisciplinary and collaborative research between professors, undergraduate students, and members of the Lebanon Latino community.

“The success achieved by recipients of the inaugural President’s Innovation Fund grants reinforces our desire to support extensive faculty innovation and creativity,” Dr. Lewis E. Thayne, LVC president, said. “This next grant phase continues this inclusive collaboration between faculty and students, and between faculty in disparate academic fields, opening up new opportunities for our students to excel.” (Source)

5) As a parting gift to Lebanon Valley College, the outgoing governor announced on Tuesday the award of a $1.6 million grant to help fund the redevelopment and construction of the center. Corbett is dipping into the Growing Greener II pot to find the money for this grant. This grant program is intended to fund projects that support community downtown beautification.

The college is planning to build a 7,600-square-foot admissions center on a property at the southeast corner of the campus along Route 422 that the college acquired last fall. Construction of this facility, estimated to cost roughly $2.5 million, is projected to begin this summer. It also will serve as a welcome center for prospective and new students in addition to housing its admissions and financial aid office.

Corbett said in a news release announcing the grant that he was proud to partner with the college “to support the construction of this new center to welcome the next generation of dreamers and innovators to campus and to serve as the latest gem added to Annville’s main street.” (Source)

Portfolio Insights:“The College’s Endowment consists of approximately 230 individual funds established for a variety of purposes and is included in the College’s investments and assets and assets limited as to use (Note 6). The endowment includes both donor-restricted endowment funds and funds designed by the Board of Trustees to function as endowments.

Investments without readily determinable values consist of fund-of-funds, investments in private equity companies, partnership, and limited liability companies and are included with investments at fair value.” (Source)

1) Eckerd College donors have made gifts and pledges to the Many Experiences, One Spirit comprehensive campaign – the largest in the College’s history – of $81 million, which exceeds the $80 million goal. The announcement came during the College’s May 2011 Board of Trustees meeting, nearly six weeks ahead of the official close of the Campaign on June 30.

“The impact of this Campaign so far has been nothing short of extraordinary, and the donors who have invested in the College despite challenging economic times, have made enthusiastic endorsements of our mission,” said Donald R. Eastman III, President of Eckerd College. “It is due in great part to the Campaign that the College is in the best financial position in its history. That success also contributed a good deal to our achieving reaffirmation of accreditation from the Southern Association of Colleges and Schools. In addition, the Campaign has contributed to the strong commitment and high level of involvement of Eckerd’s Board, alumni, parents, faculty and staff, which is without compare.” (Source)

2) The mission of Eckerd College is to provide excellent, innovative undergraduate liberal arts education and lifelong learning programs in the unique Florida environment, within the context of a covenant relationship with the Presbyterian Church (U.S.A.).

The College expects its students to acquire a broad knowledge of past and present human cultures and of the rich and varied perspectives of different academic areas.

The College expects its students to engage intellectually with the enduring questions of purpose, value, and meaning and to reflect seriously on the spiritual dimension of human existence.

The College expects its students to acquire the intellectual depth appropriate to a baccalaureate education in a single discipline or subject, including mastery of a particular body of knowledge and an understanding of its principal modes of inquiry.

The College expects its students to deepen their awareness and comprehension of two central issues: sustaining the natural environment, and fostering cross-cultural understanding and respect for diversity in a global society. (Source)

3) Eckerd College has successfully fulfilled the $25 million Collier Challenge. In May 2006, Miles Collier, board of trustees chairman for Eckerd College and managing partner of Naples-based Collier Enterprises, and his wife, Parker, gave $25 million to Eckerd College. This was the largest gift in the history of Eckerd College, a nationally acclaimed private liberal arts college in Florida. A member of Eckerd College’s Board of Trustees since 1988, Collier served as chairman from 1992-1995, and regained his role as chairman in July 2000 and has been serving ever since.

The Collier Challenge matched all gifts and pledges of $25,000 or more to the priorities of “Many Experiences, One Spirit: The Campaign for Eckerd College,” which includes the sciences, the arts, student life and the College’s endowment. Since the campaign’s launch more than $73 million has been raised and Eckerd is on track to reach its total goal of $80 million this year.

“With more than a year left in the Campaign, we are well-positioned to fulfill our campaign goal, and the generosity and foresight of the Colliers was an immensely important motivator,” says Donald R. Eastman III, president at Eckerd College. (Source)

4) The 29th Annual Eckerd College Marine Yard Sale will be held on Saturday, March 14 from 9 a.m. to noon at the Eckerd Waterfront, 4200 54th Ave. S, St. Petersburg.

All proceeds will support the Eckerd College Search and Rescue Team (EC-SAR), the volunteer student organization founded in 1971 that provides free maritime search and rescue to the Tampa Bay boating community. All team members receive extensive training in basic radio communication skills, seamanship, technical rescue, emergency medicine and navigation.

It is the only college marine rescue service in the country. EC-SAR received widespread attention recently when team members recovered the body of 5-year-old Phoebe Jonchuck after her father allegedly threw her from a bridge leading to the Sunshine Skyway. It was one of more than 600 incidents the team responds to annually. Student volunteers told the Associated Press last year that they learn invaluable lessons in life, leadership and their place in the world. (Source)

5) The 11th annual Eckerd College Writers’ Conference was held from January 17 to January 24, 2015, at Eckerd College in St. Petersburg, Florida. The conference offered lectures, panels, roundtable discussions, readings, and workshops in fiction and creative nonfiction. The faculty included fiction writers Andre Dubus III, Laura Lippman, Attica Locke, Lori Roy, Les Standiford, and Sterling Watson; and creative nonfiction writer Ann Hood. The cost of the conference was $700, which did not include lodging or meals. Limited housing ($592 for single occupancy for the week) was available on a first come, first served basis. Scholarships were available. Using the online submission system, writers submitted a writing sample of up to 25 pages and a description of writing experience with a $25 application fee by December 1. (Source)

Portfolio Insights:“Nebraska Wesleyan University (the University) is an accredited private university located in Lincoln, Nebraska, which offers a baccalaureate program in the liberal arts and professions and graduate programs in selected fields of study. The University offers continuing studies programs for nontraditional students at facilities in Lincoln and Omaha. The University reports investments in equity securities with readily determinable fair values and all debt securities at estimated fair value as of the statement of financial position date.

The University’s primary objective is to achieve an acceptable rate of return through appreciation and net investment income over a full market cycle (3 to 5 years) which equals to or exceeds the assumed spending rate plus the rate of inflation. Assets shall be invested to provide for total return.” (Source)

1) Dr. Fred Ohles was named as the sixteenth president of Nebraska Wesleyan University on February 8, 2007. Born in 1953 in Minneapolis, Minn.; raised in Minnesota, Iowa, upstate New York, and Ohio. Theodore Roosevelt High School, Kent, Ohio, 1971; Bachelor of Arts (cum laude), Carleton College, 1975; German Academic Exchange Service Fellowship, Gießen and Marburg, 1977-1979; Doctor of Philosophy in comparative history, Brandeis University, 1981. (Source)

2) Nebraska Wesleyan University is an academic community dedicated to intellectual and personal growth within the context of a liberal arts education and in an environment of Christian concern.

Nebraska Wesleyan was founded by Nebraska Methodists and actively maintains its relation to The United Methodist Church. The University reflects the Judeo Christian tradition in its efforts to integrate questions about meaning and value with the pursuit of learning and understanding.

The University is committed to excellence of academic endeavor and to learning as a lifelong process. The curricula and programs are designed to assist students in gaining and expanding knowledge and skills, in developing their competence in rational thought and communication, in broadening their perspectives on humanity and culture, and in enhancing their spiritual, physical, emotional, and aesthetic resources. (Source)

3) Former students of LaVerne Rudell surprised their beloved professor with an endowed fund in her name during Nebraska Wesleyan University’s sixth annual Business Summit, held March 7.

Rudell, professor emerita of business administration, taught at Nebraska Wesleyan for 30 years from 1966 to 1996.

Earlier this year, former students began an effort to raise funds to establish the Dr. LaVerne C. Rudell Endowment. NWU President Fred Ohles surprised Rudell at the Business Summit luncheon with news that her former students have already contributed more than $30,000 in gifts and pledges to the fund. (Source)

4) One thousand pounds of medical supplies are headed to Haiti thanks to a recent NWU supply drive. The two-week supply drive — led by NWU biology major Jamie Krahn — resulted in 1,000 lbs. of supplies including hand sanitizer, gauze, aspirin, baby bottles and more. “Students may not be able to afford to send money to Haiti,” Krahn said at the start of the supply drive. “But they can buy a box of Band-aids.” The supplies will be delivered to Project CURE in Denver, Colorado, the world’s largest distributor of medical supplies. From there, the medical supplies will be shipped to earthquake-ravaged Haiti. NWU students were first introduced to Project CURE last year when they collected medical supplies from Nebraska hospitals and medical centers and delivered them to the Denver warehouse. (Source)

5) Wood River native Willis Heim and his wife, Joyce, have made a $1 million gift to Nebraska Wesleyan University in Lincoln. Heim is a 1952 alumnus of Nebraska Wesleyan and is retired from Old Northwest Agents Inc. Joyce (Westerhoff) Heim, a native of Seward, is a 1955 alumna. Both have previously supported Wesleyan with annual gifts. The couple now lives in Naples, Fla.

The Heims contributed to the Campus Master Plan project, which will address Nebraska Wesleyan’s needs in areas such as facilities, space and landscaping.

An anonymous cash gift of $100,00 was given to the Campus Master Plan, while the plan also will benefit from a $325,000 gift from Wilbur Miller of Lincoln. Miller, a 1933 graduate of Nebraska Wesleyan, has been a representative of Equitable Life Assurance Society since 1935. (Source)

Portfolio Insights: Salve Regina University (the “University”), located in Newport, Rhode Island, is a small comprehensive Catholic university which opened in 1947 and is accredited by the New England Association of Schools and Colleges. The University was founded by and continues to be sponsored by the Sisters of Mercy.

The University’s endowment consists of approximately 60 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. (Source)

1) Jane Gerety, RSM, became the seventh president of Salve Regina in July 2009, bringing to the University a rich variety of academic and administrative experiences, as well as a strong commitment to the Sisters of Mercy and its various missions.

Sister Jane came to Salve Regina from Saint Joseph’s Health System in Atlanta, where she served as senior vice president, sponsorship and corporate compliance officer before being appointed executive board officer in 2008.

Prior to her tenure at Saint Joseph’s, Sister Jane was the academic dean at Carlow University in Pittsburgh, where she also served as an associate professor of English and director of the public leadership program. She has also taught at the junior high and high school levels.

Sister Jane holds a bachelor’s degree in French from Mount Saint Agnes College in Maryland, a master’s degree in French from Middlebury College in Vermont and a Ph.D. in English from the University of Michigan. (Source)

2) Salve Regina University announced the establishment of a new graduate program in nursing, supported by a $1-million gift from the Rodgers Family Foundation.

“We are proud to continue our longstanding tradition of educating nursing professionals to be exceptional caregivers and leaders in their field — hallmarks of the Salve Regina nursing graduate,” said Salve Regina President Jane Gerety, RSM.

The program is designed to meet the needs of working professionals, according to Eileen Gray, nursing department chairwoman. It is also a hybrid program, which means that students will meet with their professor once a month while studying online.

Part-time graduate students can complete the program in five years, including summer instruction. The opportunity to take coursework on a full-time basis may be offered to students as the program grows. (Source)

3) Salve Regina University will use a $1 million gift from the Alletta Morris McBean Charitable Trust to endow its first named academic program in honor of the late preservationist Noreen Stonor Drexel.

Drexel, who died in 2012, was a longtime Salve Regina trustee and had been awarded an honorary doctorate in humane letters during the university’s 1999 commencement. She was instrumental in many of the university’s efforts to restore buildings on campus.

The gift and the naming of the Noreen Stonor Drexel Cultural and Historic Preservation Program will be formally announced to the university community during a private reception on Tuesday at the university.

“In naming and endowing the Noreen Stonor Drexel Cultural and Historic Preservation Program, we are stewarding the progress of this institution toward ever-increasing excellence,” said Sister Jane Gerety, the university president, in a statement. “Mrs. Drexel will continue to be, as she always was, Salve Regina’s guardian angel.”

Drexel championed preservation and adaptive reuse of the university’s historic buildings, said Donald Christ, chairman of the Alletta Morris McBean Charitable Trust, during the university’s 2008 dedication of Stonor and Drexel Halls and of the Alletta Morris Archway. (Source)

4) In an effort to open community conversations about the challenges facing veterans returning from war, The Pell Center at Salve Regina University will host a theater production of the Greek tragedy “Ajax” at five Rhode Island locations. The one-act Greek tragedy may be ancient, but its controversial subject matter is still relevant today as it introduces audiences to the emotional trauma of war. Following each production, the Pell Center will sponsor a community conversation about the issues facing veterans of America’s recent wars. The production will premiere Tuesday, Veterans Day, at 7 p.m. and run for three consecutive nights at Salve Regina University’s Megley Theatre, at the Antone Academic Center, in Newport. (Source)

5) Since 1994, when Sister Therese was appointed president of Salve Regina, the university’s endowment has grown from $1.3 million to more than $40 million. Nearly $90 million of improvements have been made to the campus and the university has raised more than $65 million.

During her tenure as president, the number of freshman applications for admission soared by more than 300 percent, from 1,391 in 1994 to 5,801 in 2007, an all-time high. During this same time, total university enrollment increased 8.35 percent.

Sister Therese was instrumental in establishing the Pell Center for International Relations and Public Policy in 1996. The center honors Rhode Island’s longest-serving and most distinguished U.S. senator while bringing the world of government, global issues, and international politics to the forefront of the university’s consciousness.
(Source)

Portfolio Insights:“The California State University, Long Beach Foundation is a nonprofit, tax-exempt corporation, incorporated in the state of California on October 3, 1956. In November 2011, the corporation amended its articles of incorporation and changed its name to the California State University, Long Beach Research Foundation (the Foundation).

Long-term investments were $4.7 million in 2012 and $4.2 million in 2011. These investments consist of funds that have been allocated by the Foundation for long-term investment purposes without donor restrictions.” (Source)

1) Jane Close Conoley, Ph.D. was selected by The California State University (CSU) Board of Trustees in January 2014 as the newest president of California State University, Long Beach (CSULB) and officially took office on July 15. Conoley is the first woman to be appointed president of CSULB and the seventh president overall in the 65-year history of the campus.

Immediately prior to coming to CSULB, Conoley served as dean of the Gevirtz Graduate School of Education at the University of California, Santa Barbara (UCSB). She also served from November 2012 to August 2013 as the interim Chancellor of UC Riverside.

Since 2006, along with serving as dean, Conoley was a professor of counseling, clinical and school psychology. Prior to her service at UCSB, she served as dean and professor of educational psychology at Texas A&M University (1996-2005) and associate dean for research at the University of Nebraska-Lincoln’s Teachers College (1989-94). In addition, she held faculty positions at Texas Woman’s University and Syracuse University. (Source)

The foundation manages a $58.5 million endowment for California State University, Long Beach. Incumbent consultant Wells Fargo Advisors is invited to rebid.

Wells Fargo also served as the consultant for the CSULB Research Foundation before endowment assets were transferred to the 49er Foundation a couple of years ago. The board of directors wants to take a “fresh look” and see what other firms can provide the services, Mr. Losquadro said. (Source)

3) Dr. David Dowell was appointed Interim Provost and Senior Vice President for Academic Affairs in June 2013, after serving as Vice Provost for Planning and Budgets and Director of Strategic Planning.

As Vice Provost for 11 years, Dr. Dowell led the Division of Academic Affairs through several years of difficult state reductions. He led enrollment planning through those difficult budget years and actually improved class availability during that time. He also guided efforts to completely revamp CSULB admissions processes, creating a model now being emulated by other campuses. Additionally, he led divisional facilities planning now leading to a complete remodel of the Liberal Arts Buildings—2 through 4 complex.

In his role as Director of Strategic Planning, Dr. Dowell reported directly to two presidents on matters related to admissions, enrollment management, campus environment, and strategic priorities and goals. (Source)

4) Employee volunteers from Mitsubishi Electric’s Cypress, California headquarters and students from California State University Long Beach’s Disabled Student Services donated their time last week to install a solar electric system on the roof of a Long Beach home. GRID Alternatives Greater Los Angeles, a non-profit organization that works with volunteers to install solar electric systems for low-income families, led the installation.

5) The CSULB endowment grew by $5.7 million last year, the largest one-year increase in the university’s history. Now standing at more than $35 million, the endowment funds student scholarships, faculty chairs and other programs, he said.

“I also attribute (the improved fundraising numbers) to the fact that we do have wonderful alumni and friends who are more eager to not only find out about our momentum as a university, but join in on the success of our campus,” Alexander said. (Source)

Portfolio Insights:“Endicott College (Endicott or the College) is located on a 235-acre oceanfront campus in Beverly, Massachusetts, 30 miles north of the City of Boston. Founded in 1939, Endicott is a private coeducational, not-for-profit, non sectarian institution of higher education.

The College’s endowment consists of 72 individual funds established for a variety of purposes including both donor-restricted endowment funds and funds designed by the Board of Trustees to function as endowments. Net assets associated with endowment funds, including funds designed by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) Located just north of Boston in Beverly, Massachusetts, Endicott is a small, seaside private college with a strong community and a proven experiential learning model. State-of-the-art academic facilities partner with private beaches and distinctive residential options to create a unique and fulfilling college environment for our students. Dedicated faculty and staff guide students in their growth and learning, creating experienced and confident graduates.

Endicott has a rich history: founded as an all-women’s college in 1939 by Dr. Eleanor Tupper and her husband, Dr. George O. Bierkoe, Endicott has grown steadily since. From a premiere graduating class of 20 in 1941 to over 600 in 2013, positive growth has been the hallmark of the College.

Today the Endicott campus consists of 235 acres with 53 buildings and 28 residence halls. Our student body ranges from 2,500 traditional residential undergraduate students to 2,700 adult learners and graduate students at satellite campuses across the state and the globe as part of the Van Loan School of Graduate and Professional Studies. (Source)

2) Dr. Richard E. Wylie is Endicott College’s fifth and current president. Prior to assuming that role in 1987, he served as a professor and administrator at the University of Connecticut, Temple University, the University of Colorado, and Lesley College. He holds a Bachelor degree from Plymouth State College and Master and doctoral degrees from Boston University.

Dr. Wylie has published articles and lectured in the areas of innovative programming for adult learners and international education. He has authored articles on higher education and a monograph on bilingual/multicultural education. In addition, he has published a variety of books for young children. President Wylie has a long and successful history of raising money from foundations and individuals. Throughout his career, President Wylie has been active in international events and programs in more than 30 countries including: Ethiopia, Spain, Brazil, Mexico, Bahrain, and Turkey. His accomplishments have earned him such recognitions as the Dr. Jack Mombourquette Award for International Education, the Dr. Richard J. Bradley Award for his contributions to school improvement through accreditation in New England, and he was recently named an Aspen Institute Ascend Fellow. He was one of the founders and first chair of the Board of Trustees for the Urban College of Boston. (Source)

3) Endicott College is proud to be a part of the rich cultural tradition of the North Shore. Like many other institutions of higher learning, we seek to contribute to the social, educational, and economic health of our community. Think of the cities and towns where colleges are located–Wellesley, Amherst, Newton, and Boston to name just a few. The college’s name becomes synonymous with that of the city or town. And with good reason. Colleges attract not only thousands of students, but also thousands of visitors, enhancing the reputation of their communities. As Endicott has grown to become an institution that is nationally and inter-nationally recognized, we have been pleased to shine the spot light on our home town. (Source)

4) Endicott College is increasing its donation to Beverly to $500,000 over the next three years, a total that includes the equivalent of the real estate taxes on two estates it has purchased in recent years. Endicott announced the donations in a letter last month to Mayor Bill Scanlon, who praised the gesture in his State of the City address last week.

“The positive impact of Endicott’s remarkable growth over the past 25 years under the direction of President Richard Wylie is unmistakable,” Scanlon said.

Endicott, which as a nonprofit does not pay property taxes, has been donating $110,000 per year to the city for the last three years. Those payments will increase to $166,667 starting in July. The new amount includes $66,667 that the college says is the approximate tax value of Hamilton and Wenham halls and Beechwood, two estates the school bought in 2008 and 2010. Hamilton and Wenham halls are now student residences, while Beechwood serves as Wylie’s home.

Wylie said the college will continue the practice of paying the equivalent in real estate taxes for properties it purchases in the future. “We want to be an example of what is right,” he said. (Source)

5) Endicott College in Beverly recently named its center for the arts in honor of Walter J. Manninen of Rockport. In making the announcement, college president Richard E. Wylie thanked Manninen for his generous commitment to the college.

“Walter has donated his renowned art collection to the college, consisting of more than 200 works by important American artists with connections to Cape Ann and Massachusetts, including many pieces by acclaimed artist Theresa Bernstein,” Wylie said. “His deferred gift, including the art collection, is valued in the millions of dollars. To honor Walter’s vision, his generosity, and his passion for the arts, Endicott is both pleased and proud to name the college’s new art center the Walter J. Manninen Center for the Arts, and endow a chair in the fine arts in his name.”

The arts center opened in January 2009, and has since received thousands of visitors each year for theater, music, art exhibitions, gallery talks, and a variety of events and programs. (Source)

Portfolio Insights:“The University of Northern British Columbia (UNBC or the University) operates under the authority of the University Act of British Columbia. UNBC is a comprehensive research university dedicated to improving the quality of life in its region, and beyond, by attaining the e highest standards of under graduate and graduate teaching, learning, and research. The University is governed by a 15 member Board of Governors, eight of whom are appointed by the provincial government of British Columbia, including two on the recommendation of the UNBC Alumni Association.

The University’s endowments are primarily invested with the funds under management by Letko Brosseau & Associates Inc, and Gryphon Investment Counsel Inc. The endowments consist of restricted donations and capitalized investment income which maintains the economic value of the endowments over time. The University also holds surplus investment income in reserve to smooth out fluctuations in investment returns and to ensure spending distributions remain stable each year.”(Source)

1) Spectra Energy today announced over $90,000 in support for the University of Northern British Columbia’s (UNBC) Northern Medical Programs Trust (NMPT). The NMPT helps ensure that students are able to pursue education in health care by providing vital financial assistance to students pursuing rural clinical experiences in Central and Northern British Columbia (BC).

“Spectra Energy recognizes the invaluable role that UNBC plays in supporting our northern communities and the benefit of having healthcare students pursue rural clinical experiences in Northern BC. Our contribution will have a direct, positive impact on the quality of life and vitality of Northern communities and demonstrates our commitment to being a partner of choice to the communities in which we live and work,” said Doug Bloom, president, Spectra Energy Transmission West. (Source)

2) Lieutenant-General Romeo Dallaire, a Canadian humanitarian and best-selling author who has worked passionately as an advocate for genocide prevention, mental health and war-affected children, will headline the 11th annual Dr. Bob Ewert Memorial Lecture and Dinner this spring.

The annual event honours Dr. Bob Ewert, the first medical specialist in Prince George, and is a key fundraiser for the Northern Medical Programs Trust, an endowment fund that supports students in healthcare studies at the University of Northern British Columbia (UNBC).

As Force Commander of the United Nations Assistance Mission for Rwanda in 1994, Dallaire witnessed one of the worst genocides in modern history in which more than 800,000 Rwandans lost their lives in less than 100 days. Defying commands to withdraw, Dallaire stayed and, together with a small military force, assisted those seeking help from UN forces. (Source)

3) The Bank of Nova Scotia will be announcing a $75,000 contribution to the University of Northern British Columbia on June 6th. The presentation will occur in the Library at 1:30pm. Two-thirds of the contribution will support the University’s distance education program, while the remaining funds will be allocated to bursaries and scholarships for northern students, especially those with special needs.

“Business has a responsibility to ensure it supports educational programs like those at UNBC — programs aimed at meeting real needs and teaching real skills that benefit students, the community, and ultimately the entire country. UNBC’s offerings are valuable and relevant to Canadians from all walks of life,” says George Marlatte, Scotiabank Senior Vice-President for BC and the Yukon. “Scotiabank’s donation to UNBC is just the most recent example of a longstanding commitment to supporting educational and technological excellence, as well as involvement in supporting the communities it serves.” (Source)

4) BC Biotechnology leader Dr Donald Rix is donating $3 million to UNBC to expand health research and education in northern British Columbia. The contribution is the largest ever received by UNBC. In response, the University’s medical building will be named the Dr Donald Rix Northern Health Sciences Centre.

Dr Rix has been a member of UNBC’s Board of Governors since 2003 and has active relationships with all of BC’s universities and BCIT. He has contributed nearly $1 million to UVic’s Bamfield Marine Station, provided major funding to an $8 million building at UBC housing high-tech companies, and received honorary degrees from Simon Fraser University, BCIT, and the University of Western Ontario. Dr Rix has also established a facility at Western that supports research on the molecular basis of diseases such as cancer, diabetes, and multiple sclerosis. He is pictured here (second from left) with Chancellor Peter Bentley (far left), Dr Rix’s daughter, Laurie, and UNBC President Charles Jago (far right). (Source)

5) William (Bill) Krane, who has an extensive background in university teaching, research, and administration, is the University of Northern British Columbia’s new Vice President Academic and Provost.

Dr. Krane, who will begin work at UNBC in May, earned an undergraduate degree in psychology and mathematics from the University of Windsor, with a master’s degree and PhD in psychology from York University. For more than 10 years, Dr. Krane served as the Associate Vice President Academic and Associate Provost at Simon Fraser University. He has also been involved with a wide range of Ministry of Advanced Education and University committees, including SFU’s Senate Committee on Enrolment Management and Planning. Currently Dr. Krane leads a university task force on flexible education that is exploring ways in which the university community collectively and individually designs, delivers and supports student and instructor choice within academic programs in response to increasingly diverse student needs. (Source)

Portfolio Insights:“The University of West Florida Foundation, Inc. (the “Foundation”) was organized as a Florida not-for-profit corporation in 1965 for the purpose of soliciting, receiving, and administering gifts and bequests of property and funds for scientific, educational, and charitable purposes, all for the advancement of the University of West Florida (the “University”) and its objectives.

The Foundation’s endowments consist of 239 individual funds established for a variety of purposes. The endowments include both donor-restricted endowment funds and funds designated by the governing board to function as endowments. Alternative investments – Investments in fund of fund hedge funds and private equity partnerships for which there is no readily determinable fair value are classified as Level 3 as the valuation is based on significant unobservable inputs.” (Source)

Top University of West Florida Foundation, Inc. Endowment Fund Headlines:

1) The University of West Florida Foundation, Inc., provides funding and services to support and foster the pursuit of higher education at the University and operates solely for the benefit of the University and its mission of teaching, research, and service. The Foundation serves as the vehicle whereby taxpayers who want to advance the cause of higher education and to pay more than their share of the cost of education may do so. The Foundation does not serve any pr ivate causes, but generally benefits the public.

The West Florida Historic Preservation, Inc., was established to engage in the restoration and exhibition of historical landmarks in the Pensacola, Florida vicinity. This organization conducts certain activities and programs that assist and promote the purposes of the University. (Source)

2) Dr. Martha Saunders, Provost and Executive Vice President, serves as the chief academic officer and vice president for the Division of Academic Affairs, as well as the chief operating officer with oversight over all University divisions.

Saunders has extensive and highly successful experience in academic leadership, including serving as President of the University of Southern Mississippi from 2007-2012. Prior to her tenure at Southern Mississippi, she served as chancellor for the University of Wisconsin-Whitewater from 2005-2007, after serving as provost and vice president for Academic Affairs at Columbus State University from 2002-2005.

She began her career at UWF in 1984 as an assistant professor in the Department of Communication Arts, and eventually became coordinator of the Public Relations Program. She also served as director of the University Honors Program and associate dean of the College of Arts & Social Sciences from 1996-1999. In 2000, she was named dean of the College of Arts & Sciences. (Source)

3) The mission of the College of Business is to provide a high quality, student-orientated, educational experience to baccalaureate and master’s degree business students primarily from the Northwest Florida region. With a focused priority on teaching excellence, supported by scholarship and service, the College of Business prepares students for successful careers in business and society and, in doing so, advances the educational and economic development of Northwest Florida. (Source)

4) The University of West Florida (UWF) is a public university based in Northwest Florida with multiple instructional sites and a strong virtual presence. UWF’s mission is to provide students with access to high-quality, relevant, and affordable undergraduate and graduate learning experiences; to transmit, apply, and discover knowledge through teaching, scholarship, research, and public service; and to engage in community partnerships that respond to mutual concerns and opportunities and that advance the economy and quality of life in the region.

UWF is committed to planning and investing strategically to enhance student access and educational attainment; to build on existing strengths and develop distinctive academic and research programs and services that respond to identified regional and state needs; and to support highly qualified faculty and staff who engage students in rigorous, high-impact,[1] student-oriented learning experiences that enhance personal and professional development and empower alumni to contribute responsibly and creatively to a complex 21st Century global society.

The University of West Florida aspires to be widely recognized as a model of excellence and relevance, sought out as a distinctive intellectual and cultural center, valued as an engaged partner, and acclaimed for being “different by design.” (Source)

5) The approximately $71 million University of West Florida Foundation is searching for an investment consultant. The search is being conducted to see which consultant would best serve the foundation’s needs. (Source)

Portfolio Insights:“The Fort Hays State University Foundation (FHSUF), a separate not-for-profit organization whose primary mission is to raise funds for the University, provides direct and indirect support to the University that is not entirely reflected in the University’s Statement of Revenues, Expenses and Changes in Net Assets.

Net assets increased by $12.4 million over the previous fiscal year. This increase is primarily a result of an increase in capital assets, net of depreciation and an increase in tuition and fees mainly due to an increase in Virtual College enrollment.” (Source)

1) Fort Hays State University Foundation is a nonprofit corporation located in Hays, Kansas. Charitable donations to this organization are deductible. This organization benefits educational institutions and related activities, focusing specifically on single organization support programs. The organization IRS foundation code is a 170(b)(1)(a)(iv) organization, which means the organization operates for the benefit of a college or university and is owned/operated by a governmental unit. The technical IRS classification for Fort Hays State University Foundation is an educational organization. Fort Hays State University Foundation reported $54.2 million in assets as of year-end, making it one of the larger nonprofits. The reported income for Fort Hays State University Foundation was $33.2 million, which makes it one of the highest income nonprofits. (Source)

2) Don and Chris Bickle, long known for their philanthropy, announced today a gift of a million dollars for scholarships at Fort Hays State University.

“Don and Chris Bickle and their family have been major contributors to the community of Hays for many years, and today is no different,” said Dr. Mirta M. Martin, FHSU president. “Don and Chris recently established two scholarship funds. One will help student-athletes pay for their education, and the other will benefit Hoisington graduates.”

The Don and Chris Bickle Student Athlete Scholarship and the Don and Chris Bickle Scholarship Fund for Hoisington Graduates were established with $1 million worth of Commerce Bank stock. The annual athletic scholarship will be awarded to student-athletes who are full-time undergraduate students majoring in any curriculum at FHSU. In addition, three $500 scholarships will be awarded annually to FHSU students who are Hoisington High School alumni. (Source)

3) With the addition of Cindy Elliott and Jack Feiden, your FHSU Foundation now has a total of 41 trustees who come from five different states (Kansas, Missouri, Colorado, Illinois, and California).

Serving as a member of the FHSU Foundation Board of Trustees is more than honorary. It encourages active participation in a variety of activities contributing to the educational and financial success of Fort Hays State University and your Foundation.

Cindy Elliott, of Hays, serves as Assistant Provost for Strategic Partnerships and as Dean of Distance Learning at Fort Hays State University. In this role, she focuses on policy making, program and partnership development, and maintenance of university, community college, corporate, military, and international partnerships. She moved to Hays from Florida, thinking she would be here for five or six years. As she approaches her 16th year at FHSU, she values the commitment and constancy of Fort Hays State and the surrounding community. Hays is an “undiscovered jewel,” she said, where so much has been accomplished through collaboration. “I lived in Miami for 20 years and moved from a condo overlooking Biscayne Bay to the wheat fields and expansive blue skies of western Kansas. It was the best decision I ever made,” said Cindy. (Source)

4) The Fred C. and Mary R. Koch Foundation has given a $500,000 grant to the Fort Hays State University Foundation to create the Koch Wetlands Exhibit inside the new $4 million Kansas Wetlands Education Center at Cheyenne Bottoms near Great Bend, Kan.

The 2,000-square-foot Koch Wetlands Exhibit will feature displays on birding, hunting, farming, wildlife and more. It will include life-size silhouettes, maps, a timeline de picting the wetlands of central Kansas throughout the past 10,000 years, and wildlife viewing areas. The exhibit is scheduled to open in spring 2009 at the 41,000-acre Cheyenne Bottoms, a natural land sink that contains the largest ecosystem in Kansas. (Source)

5) The Fort Hays State University Foundation has announced a $10,000 gift to establish a new Center for Language and Culture Study Abroad Fund. The FHSU Center for Language and Culture is a collaborative effort of several campus units to offer support in the areas of foreign language improvement (including English as a second language) and education abroad advising assistance.

The goal of the new fund is to provide financial assistance for living expenses to FHSU students who participate in faculty-led study-abroad programs. It is estimated that the initial gift will benefit approximately 70 students. FHSU alumna Brenda Reeve, Garden City, made the initial contribution.

“Study abroad is a fantastic way to further a student’s education, not only by attending classes but also by experiencing life in a different country,” said Reeve. (Source)

Portfolio Insights:“St. Bonaventure University (the “University”) is an independent, coeducational university in the Franciscan tradition offering undergraduate programs through its Schools of Arts and Sciences, Business, Education, and Journalism and Mass Communication. Investments in cash equivalents, equity and fixed income securities are stated at fair valu e as determined by quoted prices i n active markets. Alternative investments consist of limited partnerships ( private equity) a nd include o ther similar pooled investment vehicles managed by independent portfolio managers that employ diverse, alternative investment strategies across a variety of asset classes.

The University classifies monies that are expected to be utilized within one year as investments. Endowment and annuity investments are classified as long-term investments because donor restrictions require the corpus to be invested in perpetuity.” (Source)

1) The endowment fund at Niagara University plunged 25.5 percent in one year during the worst of the economic storm. The same combination – decent investment returns and donor gifts – had a similar impact on the endowment fund managed by St. Bonaventure University. The institution’s fund grew 19.4 percent from FY 2010 to FY 2011, with an investment return of 17.2 percent, said Brenda McGee, senior vice president for finance and administration. St. Bonaventure typically spends about 5 percent of its endowment every year, calculating the exact number based on the fund’s three-year rolling average. The money goes toward hundreds of endowed student scholarships, as well as academic programs. (Source)

2) St. Bonaventure University and Hilbert College have embarked on a study that will take a hard look at the future relationship of the two Franciscan schools, including the potential for some type of merger.

St. Bonaventure President Sister Margaret Carney and Hilbert President Cynthia Zane on Tuesday announced that the schools will explore how they might grow their more than 20-year history of working together with “some form of further strategic alliance.”

Both presidents shied away from the word merger, because it is too early to speculate on where the relationship might go or what it might look like.

But it is clear both schools are interested in developing a more significant partnership and creating a better economic model given the mounting pressures facing higher education. (Source)

3) St. Bonaventure University’s new business center will be named the William E. & Ann L. Swan Business Center after Ann L. Swan and her husband, the late William E. Swan. Mrs. Swan has pledged US$3 million gift to St. Bonaventure’s School of Business Campaign.(Source)

4) Margaret Carney is the 20th President of St. Bonaventure University — a position she has held since 2004.

Prior to being inaugurated, Sr. Margaret served as the dean and director of the Franciscan Institute of St. Bonaventure. The Institute operates a center for research and textual scholarship in the field of Franciscan/medieval theology, history and philosophy and a school that educates leaders for the various branches of the Franciscan religious orders in the Catholic Church.

She holds master’s degrees from Duquesne University (theology) and St. Bonaventure University (Franciscan Studies) and her doctorate (theology) was awarded by the Franciscan university of Rome — the Pontifical University “Antonianum.” (Source)

5) Dr. Michael Fischer, St. Bonaventure University provost and vice president for Academic Affairs, announced a reorganization in the division of Academic Affairs that aligns information technology and library services.

Dr. Michael Hoffman, formerly executive director of Information Technology, has been promoted to the role of associate provost and chief information officer, expanding his scope of responsibility to include the Friedsam Memorial Library and the Holy Name Library for the Franciscan Institute.

Paul Spaeth, director of Friedsam Memorial Library, assumes the additional role of director of Special Collections. Ann Tenglund, formelry associate director of library computer services, information literacy instruction and Curriculum Center librarian, has been promoted to associate director of libraries.

“This change follows a recommendation from the IT and Libraries Task Force of 2010 that recommended further aligning these areas, which is considered a best practice today in higher education,” said Fischer. (Source)

Portfolio Insights:“The College of St. Scholastica, Inc., an independent liberal arts college, offers credited bachelors, masters, and doctoral degree programs. The College considers all highly liquid investments, except those held for long-term investment, with a maturity of three months or less when purchased to be cash equivalents.

The College’s endowment consists of approximately 170 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the governing board to function as endowments. As required by GAAP, net assets associated with endowment funds, including funds designated by the governing board to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) The College of St. Scholastica is expanding in Arizona, opening a site near Phoenix and planning a full campus for graduate health care programs there within the next four years.

The Duluth News Tribune has a report on the early stages of the Duluth-based private college’s expansion, which represent its first out-of-state effort. (In addition to its Duluth Campus, St. Scholastica has seven other locations in Minnesota and an online operation, with a total enrollment of 4,200 students.

According to Business Journal research, it’s the 15th-largest college in Minnesota by enrollment. For now, the college’s Arizona presence consists of a site in Surprise, in the northwest metro area of Phoenix, that will offer health-information management and health-informatics online programs in partnership with its online operations.

But it’ll move quickly, adding in-person classes for nursing and social work degrees next year and spending between $10 million and $20 million for a campus. (Source)

2) Larry Goodwin, Ph.D. serves as President and Trustee of College Of St Scholastica Inc. Dr. Goodwin is Chief Administrative Officer of the College. He works with the Board of Trustees to build a shared vision for St. Scholastica’s continued growth and excellence. With the presidential staff, he plans and implements strategies for achieving the vision. (Source)

3) The College of St. Scholastica Alumni Association is committed to being an association with strong, active, and informed alumni who are able to support and represent the College’s mission. We are committed to serving the needs of alumni through recognizing and responding to the diversity of our generations, interests, and geographic locations. We believe innovative use of technology, dynamic alumni programming, and student outreach are all necessities in fostering effective communication. We encourage active alumni participation in any capacity furthering goodwill toward the College. The College’s Benedictine tradition, rich friendships, and strong academic preparation inspire this vision. We strongly believe that alumni continue to carry on as representatives of the College and exemplify the values shared by all who attended The College of St. Scholastica. (Source)

4) Two faculty members have been awarded nearly $1 million to help improve computer science education in high schools, as the College also adds a new computer science education certificate for teachers.

The National Science Foundation has awarded $999,741 to St. Scholastica’s Jennifer Rosato, assistant professor of Computer Information Systems, and Chery Takkunen, associate professor and chair of graduate education programs for the School of Education. The grant funds will be used to improve and expand K-12 computer science education. This addresses a major need in American schools, Takkunen says.

The funds will be used to create and offer an online course for teachers, to pay stipends to teacher participants, and to offer ongoing support and mentoring during the school year. The course will show teachers how to help their students to develop mobile apps, Rosato said, because building apps for smartphones and tablets is a relatable way to get kids excited about computer science. (Source)

5) The College of St. Scholastica is launching the largest fund drive in its history Saturday, $31 million. The announcement is being made at its Alumni Reunion. St. Scholastica President Larry Goodwin said that the “Imagine Tomorrow” drive is primarily being driven by the college’s growth. St. Scholastica expects 2,650 students to enroll this fall, including at least 420 freshmen. Both are new records for the 91-year-old Benedictine school. (Source)

Portfolio Insights:“Florida Institute of Technology, Inc. (the “University”) is an accredited, coeducational, independently controlled and supported university, which was established in 1958. It is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools. The University is a not-for-profit corporation under both federal and state laws.

The University’s investment in securities are reported at fair value based on quoted marked prices. Contributed investments in securities are initially recorded at their fair value on the date of the gift. The University has also investments in managed futures to reduce the overall volatility of the equity fund performance.” (Source)

1) I’m honored to be here today at the Florida Institute of Technology (FIT) – one of our Nation’s finest universities as you celebrate 50 years of providing an outstanding education to scientists and engineers, as well as those in business and the Arts. It is also my pleasure today to announce Northrop Grumman’s $1 million gift to the University to fund a new endowment.

The Northrop Grumman Engineering and Science Student Endowment will be the first of its kind. This endowment enables students participating in the annual Northrop Grumman Engineering and Science Student Design Showcase to focus on developing and completing their projects without the worry of raising all of the money to cover their project costs.

They will save plenty of time – no longer having to hold countless bake sales, car washes, or spend time canvassing local companies to sponsor their projects. However, even with Northrop Grumman’s support, I’d still strongly encourage our community to continue to support – we can’t do enough! (Source)

2) With focus on student success, Florida Institute of Technology’s mission is to provide high-quality education to a culturally diverse student body in order to prepare students for entering the global workforce, seeking higher-education opportunities, and serving within their communities. The university also seeks to expand knowledge through basic and applied research and to serve the diverse economic, cultural and societal needs of our local, state, national and international constituencies. (Source)

3) Anthony James Catanese is the president of Florida Institute of Technology, a major research institution with more than 16,000 students. Florida Tech emphasizes academic and research programs in engineering, the sciences, liberal arts, business, psychology and aeronautics. It has a major distance learning program using advanced technology. Such groups as the Carnegie Foundation and U.S. News and World Report rate it amongst America’s top universities. The Times Higher Education Rankings from London places it among the best universities in the world.

Dr. Catanese was previously president of Florida Atlantic University, which grew to 25,000 students on seven campuses during his leadership tenure. He was the provost of Pratt Institute in New York City, dean of the College of Architecture at the University of Florida, dean of the School of Architecture and Urban Planning at the University of Wisconsin–Milwaukee, associate dean of the School of Engineering and Environmental Design and James A. Ryder Professor at the University of Miami, and professor and director of the Center for Planning and Development at the Georgia Institute of Technology. Dr. Catanese also was a Senior Fulbright Professor at the Pontificia Universidad Javeriana in Bogota, Colombia.

He holds a bachelor’s degree from Rutgers University, a master’s degree from New York University and a doctoral degree from the University of Wisconsin–Madison. A prolific writer, he has published 13 books, 18 chapters in books and more than 100 articles and monographs. (Source)

4) Dr. T. Dwayne McCay joined Florida Tech as Provost and Chief Academic Officer, where he is second in command and has responsibility for all academic, research and student matters, including athletics. Dr. McCay came from University of Tennessee, where he was the Vice President for Research and Information Technology and served as the Chief Research Officer and Chief Information Officer for all units of the University.

Earlier, as a Vice President of the University of Tennessee, he served as the Chief Executive Officer of the Space Institute; Professor, Engineering Science and Mechanics; Adjunct Professor, Mechanical and Aerospace Engineering; UT Alumni Distinguished Service Professor; Program Chairman, Engineering Science and Mechanics; Chairman of the Center for Laser Applications; and Principal Investigator, NASA Spacelab Experiment and several projects on laser processing of materials.

Previously he was at NASA George C. Marshal Space Flight Center in Alabama. There in the Structures and Propulsion Laboratory, he was Chief of the Propulsion Division; Branch Chief of Turbomachinery and Combustions Devices Branch and of the Propulsion Analysis Branch; and Senior Aerospace Engineer of the Auxiliary Propulsion Branch. (Source)

5) Florida Institute of Technology received a $1 million gift from Harris Corp. that will be used to create a new student design center at the university. The 11,500-square-foot, single-story structure will serve College of Engineering and College of Science seniors completing capstone design projects. The Harris Student Design Center will be located on the south side of campus. In the new design center’s high bay space, student teams will fabricate and assemble a variety of projects, from unmanned submersibles and Baja cars to lunabots. (Source)

Portfolio Insights:“Audited financial statements of Sistema Universitario Ana G. Mendez (SUAGM or the Institution) as of and for the years ended July 31, 2012 and 2011.

The increase in unrestricted net assets for 2011 (references to a year mean the fiscal year ended on July 31 of that calendar year) was a positive change in net assets of $31.3 million, while the change in unrestricted net assets for 2010 was a net gain of $28.9 million (an increase of 8% or $2.4 million). Total unrestricted revenues, gains and other support were 9% higher in 2011 than in 2010, increasing from $239.6 million to $261 .9 million.” (Source)

1) The Ana G. Méndez University System (SUAGM) is the fastest growing educational system in Puerto Rico accredited by the Middle States Commission on Higher Education, which provides that all its degrees are valid in the United States. It has four main institutions, fifteen universities around Puerto Rico and four campuses in the United States.

THE SUAGM was founded in 1949 and this year marks 65 years of being a nonprofit institution of higher education whose mission is to promote development and cultural, social and economic wellbeing, by offering a great number of academic programs. (Source)

2) Four leading local universities grew their endowment funds 13.6% in 2010, reaching a combined $264 million by the end of that year, defying the island’s five-year recession, CARIBBEAN BUSINESS has learned. To say the feat has not been easy is the understatement of the year.

“Finding new donors has become increasingly difficult,” said José Jaime Rivera, president of Universidad del Sagrado Corazón (USC), a sentiment echoed by officials of the University of Puerto Rico (UPR), Universidad Interamericana de Puerto Rico (Inter) and Ana G. Méndez University System (Suagm by its Spanish acronym).

Endowments are private contributions to universities, allowing the latter to fund operations, student grants and infrastructure improvements. Suagm moved two years ago to actively manage its fund, establishing an investment committee that meets monthly to evaluate and reallocate, when necessary, the investment portfolio. (Source)

3) By 2020, the Ana G. Méndez University System (AGMUS) will be recognized as an institution of excellence in learning, research and in public service, with great social responsibility and growing global projection. AGMUS will stand out for its decisive contribution to the economic and social development of Puerto Rico, providing innovative solutions to the developmental needs of the Island, and will be recognized as the leading institution serving the educational needs of Hispanic communities outside Puerto Rico, in the United States and other communities it serves. AGMUS will be characterized as a transformative entity of constant innovation and sound financial strength, focused on the human being, and making effective use of its technological, physical and managerial resources in support of its mission. (Source)

4) Texas’ first dual-language college campus has opened in Dallas, offering half of its academic programs in Spanish and half in English.

The Ana G. Mendez University System was founded in 1949 and has 21 locations throughout Puerto Rico and the United States. It first launched its dual-language model in 2003 and since its inception, the program has graduated more than 2,500 students.

“Many Hispanics are underemployed because they lack the degrees and English skills necessary for better paying jobs or career advancement,” said Luis Zayas, vice president of national and international affairs for AGMUS. “At AGMUS, we’re breaking down the barriers that typically discourage the Hispanic community from pursuing a college degree and helping them become fully bilingual professionals.”

Its newest 39,000-square-foot campus at 3010 N. Stemmons Freeway will be staffed by bilingual faculty with masters’ or doctoral degrees. Registration started Jan. 5 and students can apply at any time. (Source)

5) The Puerto Rico-based Ana G. Méndez University System (SUAGM, as it known by its initials in Spanish) inaugurated its Capital Area Campus on a rainy day last November, in the presence of Maryland Labor Secretary Alex Sánchez and Montgomery County councilwoman Nancy Navarro, among other officials. It already boasts 165 students taking classes in both English and Spanish. This is the fourth facility outside Puerto Rico; the other three are all located in Florida.

Classes began Jan. 23 at the gleaming new Maryland campus, which occupies 20,000 square feet and consists of 10 classrooms as well as a computer lab, language lab, nursing lab, learning resources center, conference room and administrative offices. By 2015, SUAGM expects to have 473 students here, pursuing bachelor’s and master’s degrees in everything from accounting and management to criminal justice and nursing. The university has the option to acquire another 10,000 square feet of space as it expands, to accommodate as many as 700 students.

On Thursday night, José F. Méndez, president of SUAGM, welcomed a long list of local, state and foreign dignitaries to the new campus. (Source)

Portfolio Insights:“The Foundation is a non-profit auxiliary organization of San Francisco State University (the University) with a 501(c)(3) designation with the Internal Revenue Service. The Foundation’s purpose is to provide private financial support to assist the University in meeting its educational mission.

Investment income increased during fiscal year 2014 as the market was bullish through the fiscal year 2014. Investment returns for the fiscal year was approximately $8,880,000 which was higher than the last year by approximately $2,990,000 (51%).” (Source)

Top San Francisco State University Foundation Endowment Fund Headlines:

1) Venesia Thompson is chief of operations for university advancement at SF State and secretary and treasurer for the San Francisco State University Foundation. Thompson has over 15 years’ experience working in nonprofit and higher education settings. Prior to coming to SF State, Thompson served as senior director, finance and administration at Urban Habitat, a policy, advocacy, research nonprofit in Oakland, CA. Prior to joining Urban Habitat, she worked as the assistant director of the Center for Urban Redevelopment and Education (CURE), an applied research and community outreach center based at Florida Atlantic University. Thompson serves on the board of the National Alliance on Mental Illness (NAMI), East Bay Chapter. Thompson earned a B.A. in Language and Linguistics from the University of the West Indies, Mona and a M.A in Political Science from Florida Atlantic University. (Source)

2) April 3, 2014 — The San Francisco State University Foundation strengthened its commitment to environmental and climate stewardship at its March 29 board meeting, unanimously approving a new resolution to change its investment policy.

“The Foundation makes investments so that returns can help build the University and its future — that is our fiduciary responsibility,” said John Gumas, chair of the SF State Foundation. “We believe that with careful planning we can both build our endowment and do our part to endow future generations with a healthy environment.”

A socially responsible portfolio will be created that allows donors who support the initiative to direct their funds appropriately. The portfolio’s carbon footprint will be monitored and made public.

“We are charting new waters here,” Gumas said. “As we develop new practices and learn from the experience, we will share our findings with other colleges and universities that may be interested in similar efforts. Our emphasis throughout will be on finding ways to make positive changes that further protect the environment.” (Source)

3) San Francisco State University (SFSU) became the first public university and first school on the west coast to commit to divest immediately from coal and tar sands companies and start a formal process to look at fully divesting from the fossil fuel industry. The SF State University Foundation, which manages $51.2 million endowment for the university, issued the following statement on the decision:

“The SF State University Foundation Finance and Investment Committee voted unanimously at its May 20, 2013 meeting to limit direct investments in fossil fuel companies. The SF State University Foundation Executive Committee also voted unanimously at its May 23, 2013 meeting that the foundation would not directly invest in companies with significant production or use of coal and tar sands and that it would amend its Investment Policy Statement (IPS) to reflect this change.”

In addition, per a request by SFSU President Leslie Wong, the Foundation Board will convene a special committee comprised of Foundation directors to review the Foundation’s investment policy, identify all of the Foundation’s fossil fuel investments, and make recommendations for future changes to the Foundation’s investment policy in regards to divestment. (Source)

4) Robert Nava is vice president for university advancement at SF State and is president of the San Francisco State University Foundation. Prior to coming to SF State, Nava held various senior leadership positions at the University of California, Riverside and served as the university’s lobbyist in Sacramento and Washington D.C. During much of his 19-year UC Riverside career, Nava also taught as an adjunct faculty member in CSU Fullerton’s Chicano Studies program and worked in advocacy for the Orange County Human Relations Commission. Nava served as the associate vice president for institutional advancement at the University of Texas at El Paso (UTEP) from 2005 to 2010, during which time he organized the university’s centennial campaign, which raised almost half of its $200 million goal in a down economy before its public launch in September 2010. Nava earned a B.S. in Criminal Justice from UTEP in 1979 and a J.D. from Western State University College of Law in Orange County, Calif. (Source)

5) The SF State Foundation is governed by a board of directors who work closely with the University to reach out to alumni, friends, and businesses in the community to build commitment and funding for San Francisco State University. The Foundation directly manages the University’s endowment by determining acceptable risks in the portfolio, maximizing investment returns, minimizing investment expenses and improving endowment reporting and stewardship. The Foundation is incorporated as a nonprofit public benefit corporation and is exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code. (Source)

Portfolio Insights:“Eastern Kentucky University is a public institution of higher learning located in central Kentucky and serving primarily the Eastern region of the Commonwealth. Many Eastern students are the first among their families to attend college. Alternative investments, consisting of hedge funds and limited partnerships, are carried at estimated fair value provided by the management of the alternative investment funds as of June 30, 2014 and 2013.” (Source)

1) Eastern Kentucky University has received more than $7,000 in employee donations and matching funds from Bechtel Parsons Blue Grass for the University’s Student Veteran Relief Fund endowment project.

The Fund is being developed as part of EKU Operation Veteran Success, a series of initiatives designed to make Eastern an even more veteran-helpful campus.

The goal for the endowed fund project is to generate enough annual revenue to provide short term loans to student veterans who find themselves in a financial crisis through no fault of their own. (Source)

2) The Garand Collectors Association, founded by Eastern Kentucky University Art Professor Emeritus Richard Deane, who died in September, has made a $25,000 donation in his memory to the endowed art education scholarship that honors his work and legacy at EKU.

A two-time Kentucky Art Teacher of the Year and an inductee into the EKU College of Education Wall of Fame, Deane continued to mentor and support his students long after they graduated. The Daniel Richard Deane Jr. Art Education Endowed Scholarship was established in his honor in 2002 to help generations of future students realize their dreams.

Deane founded the Garand Collectors Association in 1986 and managed and led the association for its first 15 years. The collector group is dedicated to the study, collection and safe shooting of the M1 Garand Rifle, the world’s first successful semi-automatic military rifle used as a U.S. Infantry weapon from 1936 until 1957; and the preservation and publication of its history and that of its inventor John C. Garand. (Source)

3) Barry D. Poynter, Interim Vice President for Financial Affairs and Treasurer. Mr. Poynter came to the University in October 2005 as Associate Vice President for Financial Affairs. He received his B.S. in Business Administration from Berea College in 1988 and his M.B.A. degree from Eastern Kentucky University in 1992. Mr. Poynter was elected Treasurer for the University in January 2012, and named Interim Vice President for Financial Affairs for the University in April 2012. He has responsibility for the Division of Financial Affairs, which includes treasury, general financial administration of the University, financial planning and compliance reporting, Controller, Student Accounting Services, Accounting and Financial Services, Post-Award Grant Accounting, Purchasing, and Central Stores. Also included are the auxiliary areas of University dining services, University bookstore services, and University card services. (Source)

4) Eastern Kentucky University Foundation, Richmond, is seeking an investment consultant for its $61 million endowment, said Barry D. Poynter, treasurer for the foundation. The search is being conducted as a due diligence measure. Incumbent Hirtle Callaghan & Co. can rebid. Mr. Poynter said that Hirtle Callaghan “sort of” served the role of an outsourced CIO and the RFP is for a potentially “more broad” investment consulting role. Proposals are due by 2 p.m. EDT on Aug. 31. Finalist presentations will take place in October and a hiring decision is anticipated for November. (Source)

5) The board of directors of Eastern Kentucky University’s Foundation Board announced Wednesday a $1 million commitment to fund one-time, campus-wide projects and initiatives. The foundation board has secured new funds as a result of the university’s ongoing capital campaign.

“We deeply appreciate the Foundation Board’s recognition of the needs of the university, our faculty and our students,” said EKU President Joanne Glasser. “Because of the board’s hard work and wise financial investments and the ongoing success of our capital campaign due to the continuing generosity of our alumni and friends, the educational experience of countless students will be enriched and Eastern will continue to move forward to achieve even greater national distinction.” (Source)

Portfolio Insights:“This section of the College of Central Florida Foundation’s annual financial report presents our discussion and analysis of financial performance for the fiscal periods ending on December 31, 2013 and 2012. Total assets increased by a total of $7.7 million (9.5%). Current assets decreased by $1.7 million, due to the transfer of PFF LEVY funds from matured CD’s to an investment portfolio. Capital assets decreased by $161,012, attributable to assets being depreciated. Non-current assets, including the Foundation’s investment accounts, increased by almost $9.7 million (17.2%) as a result of contributions added and strong investment earnings on endowments.” (Source)

Top College of Central Florida Foundation, Inc. Endowment Fund Headlines:

1) College of Central Florida Foundation’s mission is to identify, solicit, and acquire restricted and unrestricted resources to support the college in providing educational services to Citrus, Levy and Marion counties. Our major direction is to create public awareness of the college and foundation, to provide funds for restricted scholarships/chairs, to provide unrestricted funds for the college, to prudently manage the assets of the foundation for the college and to secure foundation operational funds to ultimately support the college. (Source)

2) The College of Central Florida Foundation has been named the recipient of a $1 million bequest from Cory Pool, chair of the CF District Board of Trustees. The future gift has been designated to support the CF Foundation STEPS — Scholarships Taking Elementary Promising Students to CF — and Promise for the Future Fund.

“Cory’s dedication to CF is apparent in his commitment to serving the college, professionalism as chairman and also the financial support he has given the college during and prior to being appointed as college trustee,” said Dr. James Harvey, interim CF president.

Pool became a member of the CF Foundation Board of Directors in 2008 and soon after was appointed the CF District Board of Trustees. He is the vice president/chief financial officer of Jenkins Auto Group. Pool feels strongly about giving back to the community where he grew up. He is the namesake of a STEPS scholarship at South Ocala Elementary School, which he attended. (Source)

3) The College of Central Florida Foundation recently announced that it reached its goal of securing two $4,000 endowed scholarships for every eligible elementary school in Citrus, Levy and Marion counties. Each school year, Scholarships Taking Elementary Promising Students to CF gives one male and one female fifth-grader from each school a $4,000 scholarship to attend CF upon high school graduation.

The foundation established STEPS to CF in 2005, after retired local businessman and former CF Foundation board member Bernard Little Jr. presented the concept. Little went on to personally fund the first three scholarships, one in each county served by the college. Over the next few years, he funded many scholarships naming most for community leaders.

This year, all funds raised from the foundation’s signature event, Taste of Ocala, will benefit STEPS to CF. When Chris Knife joined the CF Foundation in 2014 as its new executive director, he challenged the CF Foundation board and Taste of Ocala committee to reach the program goal of securing two scholarships for all 47 eligible elementary schools in Citrus, Marion and Levy counties before the end of the year. (Source)

4) College of Central Florida provides access to high quality, high value baccalaureate degrees, associate degrees, certificates and diplomas, and promotes the economic, social and cultural development of our community. (Source)

5) STEPS to CF, a program of the College of Central Florida Foundation, awards scholarships to deserving fifth-grade students who have excelled academically and can benefit from the incentive of having a college scholarship at an early age. The students must maintain good grades and remain drug and crime free through their high school years. In return, each receives $4,000 toward an education at CF, according to a news release.

“The success of this scholarship program is due to the generosity of our donors,” said Joan Stearns, vice president of Institutional Advancement at CF in the release. “This honor from the Citrus County Board of Commissioners recognizes the commitment of our community to education. We all benefit when we invest in the future of our children.”
In Citrus County, there are 15 STEPS to CF endowments in place; 45 scholarships have been awarded since the program began in 2005. (Source)

Portfolio Insights:“The Montclair State University Foundation, Inc. (“the Foundation”) is a non-profit 501(c)(3) corporation organized under the provisions of Title 15A of the New Jersey Nonprofit Corporation Act. The Foundation maintains quasi-endowed funds which have been established by its Board to be retained and invested for specified purposes.

The Foundation’s endowment fund consists of approximately 205 and 190 individual funds for the years ending June 30, 2014 and 2013, respectively. These funds were established for a variety of purposes including both donor-restricted endowment funds and funds designated by the Foundation’s Board of Trustees to function as endowments (referred to as quasi-endowments).” (Source)

Top Montclair State University Foundation, Inc. Endowment Fund Headlines:

1) Montclair State University is committed to serving the educational needs of New Jersey with programs characterized by academic rigor and currency in the development of knowledge and its applications. The University will offer a comprehensive range of baccalaureate, master’s, and certificate programs and a focused portfolio of doctoral programs that are closely aligned with the University’s academic strengths and the needs of the state.

The University will recruit faculty with exceptional academic or professional credentials and a deep commitment to the pursuit of their development as teachers and scholars. The University will admit to study with this faculty students who have demonstrated the potential for high achievement, diligence in the pursuit of their education, and high aspirations for using their education. The University will be inexorably committed to the maintenance of a learning community that is deeply and broadly reflective of the diverse population of New Jersey. (Source)

2) Dr. Susan A. Cole assumed office in September of 1998 as the eighth president of Montclair State University, which is the second largest university in New Jersey, with over 20,000 graduate and undergraduate students. Dr. Cole served as President of Metropolitan State University in Minneapolis/St. Paul, Minnesota from 1993 to 1998 and, prior to that, as Vice President for University Administration and Personnel at Rutgers, The State University of New Jersey, Associate University Dean for Academic Affairs at Antioch University, and a faculty member at The City University of New York.

Dr. Cole serves on the boards of the Liberty Science Center, the Montclair Art Museum, the New Jersey Performing Arts Center Council of Trustees and Peapack-Gladstone Bank, and on the American Association of State Colleges and Universities Penson Center for Professional Development. She was appointed by Governor Christie as New Jersey’s representative to the Education Commission of the States, and by the U.S. Secretary of the Interior to the Paterson Great Falls National Historical Park Advisory Commission. She served on Governor Christie’s Executive Transition Team and chaired its Education Subcommittee. (Source)

3) Keith D. Barrack is the Chief of Staff to Dr. Susan A. Cole, whom he assists in the management of various aspects of the University’s operations. Prior to joining the University he was a partner at the Florio Perrucci Steinhardt & Fader law firm where his practice focused on public governance, ethics, contracting, and land use/redevelopment matters. Keith has served as an Assistant Counsel to three sitting Governors, a Deputy Attorney General, and was named one of the top 40 lawyers under 40 in New Jersey by the New Jersey Law Journal and a Rising Star by Superlawyer magazine. (Source)

4) Honorary doctoral degree recipient Raymond G. Chambers, Chairman of the New Jersey Devils NHL team, announced during his remarks at the MSU 2001 Commencement ceremony that he is making a $50,000 scholarship donation in honor of the class of 2001. The scholarship funds will begin to be available in the 2002-2003 academic year.

The Devils had a heartbreaking defeat Saturday night against Colorado in the final match of the 2001 the Stanley Cup Championship. But we say, “Wait until next Year! Go Devils!! (Source)

5) Montclair State University announced the establishment of the Gene Consales ’50 Endowed Music Scholarship Fund at a dedication ceremony at the John J. Cali School of Music on May 6, 2014. Endowed with a $1 million gift from Mrs. Kay Consales, widow of the late musician, composer, vocal music teacher and businessman, the new scholarship fund will provide scholarship support to vocal music students.

Montclair State alumnus Gene Consales, who died in 2011 at age 87, was a talented musician and composer who gave up a promising Broadway career to do what he loved best: teach. A high school vocal music teacher for his entire career, Consales drew the best from his students by insisting on “keeping the fun in fundamentals.” His SRO shows at the high school always ended in standing ovations. (Source)

Portfolio Insights:“Pacific University (the University) was established through an act passed by the Legislative Assembly of the Territory of Oregon on September 26, 1849, for the purpose of establishing a seminary of learning, in Washington County, for the instruction of persons of both sexes in science and literature. The University is a private organization operating as an independent 501 (c) (3), and is a fully accredited institution of higher education.

The University’s endowment consists of approximately 168 individual funds, which are both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. Net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) Pacific University’s College of Optometry will select its first Kamelia Massih Prize for a Distinguished Optometrist winner at graduation this May, thanks to a bequest from an alumna.

The university announced a $50,000 endowment from the estate of alumna Kamelia Massih on Thursday. Massih, a 1985 graduate of the optometry school, went on to open private practices in Beaverton and Portland. Her businesses enjoyed success for many years before her March 2010 death from cancer.

The award criteria are still being worked out, but a selection committee of university administrators will determine each year’s winner, university spokesman Joe Lang said. Community service will be heavily valued.

“It will be for a distinct graduate of the College of Optometry,” Lang said. “One who has provided exceptional professional care in the area of optometry, as well as community service distinctions that Dr. Massih embodied.” (Source)

2) Lesley M. Hallick began serving as president of Pacific University on Aug. 1, 2009, following a distinguished 32-year career at Oregon Health & Science University. With 20 years experience as chief academic officer, Hallick quickly became known for her leadership in the areas of equality, environmental stewardship and sustainability, innovative thinking and philanthropy.

She has nurtured the development at Pacific University of centers specializing in peace and spirituality and in sustainability. Hallick has overseen the growth of programs in the liberal arts and sciences, in education, and in health professions, as well as the establishment of Pacific’s College of Business. She also is guiding the development of a university strategic plan that will support continued growth in student enrollment.

Raised in California’s Santa Ana Valley, Hallick attended Orange High School, where she graduated valedictorian. She earned her bachelor’s degree in biochemistry from Pomona College in Claremont, Calif., graduating magna cum laude and Phi Beta Kappa. She studied at the University of Wisconsin Madison, where she received her doctoral degree in molecular biology. A Woodrow Wilson Fellow, Hallick has conducted an extensive research program in molecular virology and has authored numerous publications in tumor virology and viral genome structure. (Source)

3) Pacific University is a private, fully accredited university with more than 60 undergraduate fields of study and 16 graduate and professional programs. With colleges in the Arts & Sciences, Optometry, Education, Health Professions and Business, our four Oregon campuses draw nearly 3,600 students a year.

Half of those are students in our graduate and professional programs, which range from master’s and doctoral programs in the health professions to weekend courses leading to an MBA.

Just like our undergraduate programs, Pacific’s graduate experience is rooted in small classes, a nurturing learning environment and personal attention. Our students learn from some of the top faculty in the world — experts in their fields who are devoted to teaching. (Source)

4) Oregon’s Pacific University is the oldest chartered university in the West. The Oregon Territorial Legislature granted its original charter as the Tualatin Academy on Sept. 26, 1849. The charter predates statehood by 10 years, and was the first formal act of the territorial government.

Pacific founders were also instrumental in the 1843 vote at Champoeg, which resulted in the formation of the Oregon Provisional Government, the first American government on the Pacific Coast.

The school traces its roots to a log cabin meeting house in Forest Grove where the Rev. Harvey Clark, a Congregationalist minister, and Tabitha Brown, a former teacher from Massachusetts, cared for and educated orphans of the Oregon Trail. The University issued the first baccalaureate degree in the region in 1863 to Harvey W. Scott, later the editor of The Oregonian. Pacific’s Old College Hall, built in 1850, housed the original academy and is the oldest educational building in the West. (Source)

5) Pacific University’s College of Optometry has received a bequest from the estate of late alumna Kamelia Massih (OD ’85) to create a permanent endowment that will fund the Kamelia Massih Prize for a Distinguished Optometrist. The annual prize will be the principal honor recognizing an alumnus who has made a significant impact on the profession. The first award will be announced at the University’s commencement ceremony on Saturday, May 21. “Pacific University will benefit immensely from the generosity of Kamelia Massih and her extended family,” President Lesley Hallick said. “Through this gift, Dr. Massih’s family carries forth her legacy of excellence in serving patients and others in need. Kamelia made a positive difference in the lives of so many, and will continue to do so indefinitely through this endowment. On behalf of the entire University community, we are most grateful.” (Source)

Portfolio Insights:Current assets, which consist primarily of cash, accounts and notes receivable, and operating inventories, increased by $4.4 million. This increase was due in great part to a $4.3 million increase in cash and cash equivalents. The increase in current cash balances is the partial result of an increase of $0.6 million in funds the University was able to keep instead of reverting to the State, $1.2 million of Educational & Technology fees being moved from State Funds to Trust Funds, distribution of indirect costs to departments that were unspent of $1.2 million, movement of application fees from State Funds to Trust Funds of $0.3million, and an increase in auxiliary reserves of $0.4 million.

Endowment investments include the principal amount of gifts and bequests that, according to donor restrictions, must be held in perpetuity or for a specified period of time, along with any accumulated investment earnings on such amounts.” (Source)

1) Endowments create financial stability, allowing Western Carolina to be less dependent on unpredictable sources of revenue, such as state appropriations. Endowments allow for a rich variety of activities, including scholarships and fellowships for talented students; support for distinguished and dedicated faculty members through professorships, or chairs; and support for research and other programs.

An endowment is created through the establishment of a permanent fund that is invested and managed. A portion of annual investment growth and income generated is used to carry out the donor’s designated purpose. Endowment yield in excess of the annual amount spent is added back into the fund so that it continues to grow and maintain its purchasing power for future generations.

Outright gifts and planned gifts such as charitable trusts and bequests are popular ways to fund the initial endowment or add to it in later years. Donors may fund endowments with a single gift or multiple gifts spread over time. (Source)

2) Western Carolina University’s slated to get a brand new building on Centennial Drive in place of the one destroyed by fire in November 2013, which was home to businesses such as Rolling Stone Burrito, Subway and Mad Batter Bakery and Café.

The project, expected to break ground in May and reach completion by August 2016, will entail a 120,000-square-foot building that mixes student housing on the upper floors with commercial and dining businesses on the ground floor. The facility will add 380 student beds to campus and give businesses affected by the fire or currently operating along that commercial strip first right of refusal to occupy the new building, according to a press release from WCU.

“The concept will create a new town-like environment in the heart of the campus, with a mix of commercial and dining establishments on the ground floor, while also adding additional student beds to help accommodate the demands of increasing enrollment,” said Bill Studenc, communications director for the university. (Source)

3) Part of the 20.6 percent increase at Western Carolina University, which was the biggest jump across WNC institutions, could be found in the university’s first comprehensive capital campaign, said Jim Miller, associate vice chancellor for development at Western Carolina University.

The campaign ended in June 2009 and donors are still paying on their commitments. While not all of the campaign’s contributions were directed to the endowment, it could explain a portion of the increase, he said. (Source)

4) David O. Belcher was named Western Carolina University’s 11th chancellor on April 8, 2011, by the University of North Carolina Board of Governors and assumed his duties on July 1, 2011.

Belcher was installed as chancellor of Western Carolina during a traditional ceremony Thursday, March 29, 2012 in the Liston B. Ramsey Regional Activity Center. Read his remarks from the ceremony.

Thomas W. Ross, president of the UNC system, presided at the official installation ceremony. A week of activities leading up to the ceremony highlighted and celebrated the accomplishments of Western Carolina University’s students, faculty, staff, alumni and community partners. Watch the slideshow from the activities. (Source)

5) Western Carolina University students recently donated more than $12,000 worth of food and merchandise to help the Community Table in Sylva alleviate hunger through the end-of-year C-Store Buy-Out program. “It’s almost overwhelming,” said Brian Boyer, a residential case manager with the WCU Department of Residential Living and program coordinator. “Our students have shown a lot of heart.”

Through the annual program, students donate canned goods and other items that they purchase at the campus Courtyard C-Store or designate a portion of unspent money from their Campus Dining meal plans to the program to benefit The Community Table. With the money designated for donation, Aramark, WCU’s food service partner and a partner in the C-Store Buy-Out program, purchases items The Community Table needs.

Amy Grimes Sims, executive director of The Community Table, was thrilled to hear about the size of this year’s donations. “This food will be a huge help to so many people who visit our food pantry and will be used to fill in the gaps between our twice monthly shipments from MANNA FoodBank,” said Sims. “Believe it or not, a truckload of food is typically gone within two days because the need for our pantry is so high.” (Source)

Portfolio Insights:“Sam Houston State University is an agency of the State of Texas and a component of The Texas State University System and its financial records comply with applicable State statutes and regulations. Sam Houston State University invests its endowment funds to provide funding for scholarships, fellowships, professorships, academic chairs, and other uses as specified by donors.” (Source)

1) Sam Houston State University has received a $25 million pledge from Pennsylvania-based Therm-Omega-Tech, Inc. to support the university’s engineering technology components within the current industrial technology program and to establish a new engineering technology program.

The founder of Therm-Omega-Tech, Inc., is alumnus Frederick Pirkle, who graduated from SHSU with a Bachelor of Science degree in industrial arts in 1970 and a master’s degree in industrial technology in 1974. The pledge is the largest gift in the university’s history.

“Sam Houston State University students who are getting a technical education are learning skills for life,” Pirkle said. “Those technical skills are critically important for America in today’s world. Americans are hard workers, and we’re smart workers. I want the students who are touched by this gift to be inspired to contribute to the success of this country and be leaders in the world.” (Source)

2) Charlie Amato and Gary Dudley have announced plans to create a $1 million endowment at Sam Houston State University to enhance various academic programs within the College of Business Administration.

The new new endowment, called the Amato-Dudley Endowed Chair for the College of Business Administration, will be administered by the dean’s office. The college will be able to use the money to help recruit and retain eminent scholars and meet emerging student needs.

Amato and Dudley are the co-owners of San Antonio-based financial services firm SWBC and part owners of the San Antonio Spurs. Amato and Dudley grew up in La Porte, Texas, and they have known each other since middle school. Both men graduated with business degrees from Sam Houston State in Huntsville, Texas. (Source)

3) Sam Houston State University’s online education programs once again have earned national recognition in U.S. News & World Report’s annual rankings, making the magazine’s list of exceptional programs for the fourth straight year.

Among this year’s rankings were No. 5 in “Best Graduate Online Criminal Justice Degree Programs;” No. 7 in the “Graduate Online Information Technology Program;” and SHSU fell within the top 25 percent for “Best Online Bachelor’s Degree Programs” and in the top third for the “Best Online MBA Programs.”

SHSU offers more than 35 fully online degree programs, including two doctoral programs, as well as 24 online certificate programs. (Source)

4) Dan Rather has donated $2 million to his alma mater, Sam Houston State University — the largest single monetary gift in the school’s 127-year history.

“So many people, known and unknown, helped me to get through Sam Houston State when I was there, desperately trying to make it, that I’ve always wanted to give back — some how, some way — to the best of my ability,” the former “CBS Evening News” anchorman said Tuesday in a statement released by the university, which was known as Sam Houston State Teachers College when he attended.

A Houston native, Rather earned a bachelor’s degree in journalism in 1953 at the school about 75 miles north of where he grew up. The donation — made on the day Katie Couric made her highly publicized debut as his permanent successor — has been designated for scholarships and discretionary spending in the school’s communications program. (Source)

5) The strength of Sam Houston State University is its people. Look anywhere on campus and you’ll see bright, engaged individuals collaborating to make not just the SHSU campus a better place, but the world as well.

People such as Dr. Ilona Petrikovics, associate professor of chemistry, whose student-assisted work on antidotes for toxins in biological warfare will save lives in Afghanistan, Iraq and elsewhere.

Dr. James Olson, an overwhelmingly favorite history professor among SHSU students. His own battle with cancer led him to explore the subject and write the Pulitzer Prize-nominated Bathsheba’s Breast: Women, Cancer, and History. Students taking his popular lectures will join him in the Dr. James S. Olson Auditorium. (Source)

Portfolio Insights:“Eastern Michigan University Foundation (the “Foundation”), located in Ypsilanti, Michigan, receives, holds, invests, and administers funds for the purpose of contributing to and making expenditures on behalf of Eastern Michigan University (EMU). Under governmental accounting principles, the Foundation is considered a component unit of EMU.

The Foundation estimates the fair value of venture capital partnership investment based on statements and as disclosed by the general partner. The Foundation’s endowment includes donor-restricted endowment funds and funds designed by the board of trustees to function as endowments.” (Source)

1) The Eastern Michigan University Foundation reached a milestone this week, surpassing its goal to raise $50 million by an excess of $1.9 million. The foundation is nearly a year ahead of schedule in meeting this mark. It launched its first comprehensive fundraising campaign in April 2010 and projected it would take three years to garner $50 million. The effort was branded “Invest. Inspire. The campaign for Eastern Michigan University.” Tom Stevick, executive director of the EMU foundation, said this can only mean good things for the university. “I think this speaks a lot for the faith and confidence of EMU’s alumni and supporters in the progress of the university,” he said. “I think it shows we have been successful in forming strong connections with the community and our faculty. It’s very exciting.” (Source)

2) The Eastern Michigan University Foundation has raised in $8 million for the 2007-08 fiscal year, eclipsing its fund-raising goal. Of that money, $7.1 million was in cash while $800,000 came from in-kind contributions. This year’s numbers almost doubled last year’s total of $4.2 million. Of the $7.9 million, $2.2 million came from the trust of renowned sculptor and potter Jean Noble Parsons. That money will be used to establish the Jean Noble Parsons Center for the Study of Art and Science on 86 wooded acres near Traverse City and Interlochen. Another $700,000 plus came from the estate of former university staff member Helen Rudin and Catherine Sesi, a longtime friend of Ypsilanti and EMU. That money will support scholarships in music and general studies. The Kresge Science Initiative Challenge chipped in $250,000 to help build a $1 million science equipment endowment. (Source)

3) Ronald G. Miller, former Detroit Institute of Arts vice president for development and Eastern Michigan University alumnus, has been named executive director of the EMU Foundation. Miller will oversee all foundation operations, including development, and the Office for Alumni Relations. The Ypsilanti native also will provide day-to-day coordination of EMU’s comprehensive campaign. “Ron has been instrumental in expanding the foundation’s fundraising levels by 88 percent in 2008,” said Daniel C. Arbour, chairman of the EMU Foundation board of trustees. The EMU Foundation is a private, nonprofit corporation that increases private support and manages endowment assets for the benefit of EMU. (Source)

4) Dr. Susan Martin joined Eastern Michigan University (EMU) as its 22nd president and first woman president in July 2008. Prior to Eastern Michigan, Dr. Martin served as provost and vice-chancellor of academic affairs at the University of Michigan-Dearborn from 2006-08. Dr. Martin enjoyed an 18-year career at Grand Valley State University where she served as director of the master of taxation program, director of international business programs, and chair of the accounting and taxation department. Dr. Martin also spent five years in the Provost’s Office and was Executive Associate Vice-President for Academic Affairs when she left to join UM-Dearborn. (Source)

5) Kim Schatzel, provost and vice president of academic and student affairs at Eastern Michigan University, has been appointed to a three-year term on the Board of Directors for the Health Alliance Plan of Michigan. Health Alliance Plan (HAP) is a nonprofit, regional health plan based in Detroit that provides health coverage to individuals and companies. HAP is a subsidiary of the Henry Ford Health System. Schatzel was appointed by the Board of Trustees of the Henry Ford system. Her duties will include active participation in board matters and philanthropic support. Schatzel came to Eastern in January 2012 after serving as dean of the College of Business at U-M Dearborn. She joined U-M Dearborn in 2000 and held several leadership positions until being named dean. Schatzel’s corporate experience includes more than 20 years of new venture and start-up experience. This includes serving as Founding President and COO, and later CEO of ICM/Krebsoge, North America’s largest powdered metal components manufacturer – a multinational industrial firm employing more than 1,500 people on four continents. (Source)

Portfolio Insights:“Schreiner University (the University) is a Texas non-profit corporation located in Kerrville, Texas. The University is independently governed and related by choice and by covenant to the Presbyterian Church (USA). The University considers all highly liquid short-term investments purchased with original maturities of three months or less to be cash equivalents.

The University’s endowment consists of individual funds established for a variety of purposes. As required by generally accepted accounting principles, net assets associated with endowment funds, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) After a national search, Schreiner University has selected Dr. Charlie McCormick as its new provost and vice president for academic affairs, the school announced today.

Schreiner University is a coeducational Presbyterian-related liberal arts college in Kerrville, TX, primarily undergraduate and residential, with an enrollment of just over 1,000.

McCormick, who will join Schreiner’s administration July 6, is wrapping up his duties at Cabrini College near Philadelphia, PA, where he is dean of academic affairs. Cabrini College is a Catholic coeducational residential institution that emphasizes community service.

McCormick holds a Ph.D. in folklore and folklife from the University of Pennsylvania, a master’s degree in anthropology from Texas A&M University–College Station, and bachelor’s degree in English from Abilene Christian University.

As provost and vice president for academic affairs, McCormick will be responsible for Schreiner’s academic programs and faculty, and when the president is absent from campus, assumes leadership of its day-to-day operation. (Source)

3) The Schreiner Shooting Sports Team recently was the recipient of a $10,000 donation from the Rocky Mountain Elk Foundation. The endowment will generate $500 per year for the shooting team.

“This will give our team a nice income base for the foreseeable future, and let us shoot more and travel more,” said Bill Thomas, Schreiner Shooting Sports coach. “We are overwhelmed by this generosity.”

Endowments are generated through the support of Midway USA Foundation and local fundraisers hosted by Rocky Mountain Elk Foundation. Each year, RMEF staff and volunteers nominated high school and university shooting teams as candidates for gifts, and this year Schreiner was the recipient of the grant money. (Source)

4) Schreiner University ranks No. 155 out of 925 universities with a financial GPA of 3.308 and financial grade of “B” in the Forbes magazine article “Is Your College Going Broke? The Most and Least Financially Fit Schools in America.”

The grades are a result of the analysis of balance sheets and operational strength of each college. The distribution of grades among institutions is: 128 universities earned an A; 253, B; 436, C; and 108, D.

President of Schreiner University, Dr. Tim Summerlin, is pleased with the financial health ranking of the institution, but does not plan to stop striving to improve Schreiner and its fiscal growth.

“I would fully expect that any measure of fiscal health would give Schreiner high marks. Since no enterprise can accomplish its mission without managing its affairs well, I am pleased by any analysis that recognizes that Schreiner University is well managed,” he said. “There is always room for improvement, and improvement is a continuing goal. For instance, we continue to expand sources of revenue to take pressure off of tuition. We have reduced the cost of our debt recently, giving us greater flexibility. We have found critical areas for cost reduction to allow us to direct our spending to our priorities—support for programs, personnel and scholarships. Strategically, the biggest thing we can do to improve our long-term financial strength will be to increase our endowment – something we are addressing with our comprehensive campaign.” (Source)

5) Schreiner University professor of English Dr. Kathleen Hudson has been chosen to be a member of the Humanities Texas Speakers Bureau. She will be listed, along with others, as a resource for schools and organizations to call upon when they need a speaker. “Sharing what I love with others is what I am passionate about,” Hudson said. “I am excited to have this opportunity.”

Hudson, the author of “Telling Stories, Writing Songs: An Album of Texas Song Writers” and the founder of the Texas Heritage Music Foundation, has taught at Schreiner for 21 years.

Humanities Texas, formerly the Texas Council for the Humanities, is the state partner of the National Endowment for the Humanities. Established by the Congress in 1965, the National Endowment for the Humanities (NEH) supports research, education, and public programs in the humanities. (Source)

Portfolio Insights:“Rider University (the University) is a private, not-for-profit institution founded in 1865. The University’s four academic units include the College of Business Administration, the College of Liberal Arts, Education and Sciences, the College of Continuing Studies, and the Westminster College of the Arts.

The University endowment consists of approximately 340 individual funds established for a variety of purposes including both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments.” (Source)

1) Rider University President Mordechai Rozanski last night persuaded the Township Council to table a resolution calling for college, university and boarding school students to pay special fees for municipal services. Rozanski, speaking at the council’s meeting in Town Hall, said he opposes what would amount to a tax on students and wants to “discuss our perspectives and reach an understanding on the issues involved — as we have successfuly done many times in the past.”

“These are indeed difficult times,” Rozanski said, a reference to the township’s search for revenues from schools, whose properties are tax exempt by state law.

“…Placing a tax burden on our students, who are our successor generation, … will only cause ripple effects without solving the fundamental challenges we face,” Rozanski asserted. (Source)

2) The Rider University Board of Trustees announced today the appointment of Gregory G. Dell’Omo, Ph.D., as Rider’s seventh president. Dell’Omo will succeed Mordechai Rozanski who is retiring on July 31, 2015. Dell’Omo will assume the presidency on Aug. 1, 2015.

Dell’Omo will step down from his position at Robert Morris University (RMU), in Pittsburgh, Pa., at the end of the 2014-2015 academic year. Rozanski will remain at Rider through the end of July 2015. Rider University is currently celebrating its 150th anniversary, which will culminate with Dell’Omo’s official inauguration.

“The Rider opportunity is an exciting one, and I am honored to have been selected to lead this outstanding university,” Dell’Omo said, adding that while leaving RMU and the progress and achievements that it has made over the past ten years is difficult, returning to his home state of New Jersey where he will be closer to his extended family was an important factor in his decision. (Source)

3) Dr. DonnaJean A. Fredeen, Provost and Vice President for Academic Affairs. During her first year at Rider University, Dr. Fredeen worked closely with the academic community to enhance communication within the division through department/division visits and initiation of the Provost’s forum. Through a collaborative process with the Academic Leadership Council of Deans, she created a first draft of a strategic vision for Academic Affairs and initiated such programs as the Rider Classroom Experience, the Shared Read program, and the Bonner Scholar High Impact Practice initiative.

Dr. Fredeen had a lead role in developing the management proposals for the recent collective bargaining negotiations and served as a member of the management bargaining team. She has played a national leadership role for SENCER (Science Education for New Civic Engagement and Responsibility), an NSF program that promotes teaching to science through capacious, complex social issues. Her activities with SENCER include her roles as a SENCER Leadership Fellow, a faculty member at summer institutes and as co-director of the New England SENCER Center for Innovation (NE-SCI) which was housed at Southern Connecticut State University. (Source)

4) Westminster Choir College of Rider University has been awarded a $3 million gift from the Henry L. Hillman Foundation of Pittsburgh, Pa., to help support the construction of a $7.5 million new academic and performance building planned for the Westminster Choir College campus in Princeton, N.J.

In recognition of the Hillman family’s longstanding commitment to Westminster, the College performance portion of the new building will be named The Hillman Performing Arts Center in honor of Westminster alumna Elsie Hillman. It will be part of Marion Buckelew Cullen Hall, named for the philanthropist who has contributed a planned gift to Westminster and to the overall project.

“We are profoundly grateful to the Foundation and to our good friends, Elsie and Henry Hillman, for their generous support of this important project,” said Rider University President Mordechai Rozanski. “The construction of the new building will greatly enhance the Westminster Choir College campus by providing significantly better teaching, learning, and performance spaces for our students and faculty. It also positions Westminster for continued success in the future.” (Source)

5) Rider University prides itself on constantly making strides to increase how green our campuses are. The residence hall West Village is certified silver in sustainability by Leadership in Energy and Environmental Design (LEED), and the new Cullen Center is expected to reach that level or higher. North Hall and the new BLC Theater have already been certified gold. Rider even has its own organic garden in addition to a solar field along I-95. Eco-Reps on both campuses teach us about sustainablity. The university works hard to remain eco-friendly.

Despite these efforts, we still have some problem areas that we need to work on together. When it comes to recycling, many students and faculty can be a little careless. Some really don’t think about recycling when they throw something away; they just toss it in the closest bin and go on with their day. Some don’t realize that many of the things that we throw away, such as Starbucks cups and sushi containers from Cranberry’s, can be recycled. (Source)

Portfolio Insights: Management’s discussion and analysis (MD&A) provides an overview of the financial position and activities of Northern Illinois University (the University) for the year ended June 30, 2013 with comparative information for the year ended June 30, 2012.

The Component Units’ permissible investment categories include equities, fixed income securities, cash equivalents, venture capital/private equity, equity real estate and hedge funds. In fulfilling their responsibilities, the Component Units contracted with an independent investment advisory firm as well as 23 investment management firms to execute the strategy they have established. (Source)

1) Northern Illinois University Foundation, DeKalb, rehired Fund Evaluation Group as its investment consultant, said Jean Godlewski, controller for the $93 million foundation. The foundation includes $70 million in endowment funds. An RFP was issued in April because services had not gone out to bid for 14 years, Ms. Godlewski said. (Source)

2) The Northern Illinois University Foundation is a nonprofit, tax-exempt corporation that secures and manages gifts of money, property, works of art, or other material having educational and historical value. It receives and administers such gifts to support university programs with supplemental resources where state funding is non-existent or inadequate. The foundation is governed by a board of directors consisting of elected representatives of alumni and friends. The foundation provides educational fundraising for the university. In addition to donor-restricted funds, the foundation awards grants to select faculty through its Opportunity Grants program and Strategic Initiatives Grants program. (Source)

3) Students at NIU achieve amazing things, even though some face tremendous financial obstacles. Rising costs of higher education, combined with the jeopardy that the employee dependent tuition waiver is facing, has motivated the Supportive Professional Staff Council to build a scholarship fund for it dependents. The SPS Scholarship Fund will provide scholarship support for children and grandchildren (biological, adopted, foster, stepchild, legal guardianship) of Supportive Professional Staff employees at the university. This scholarship can help provide financial assistance each year for one SPS dependent while recognizing the talents and achievements of NIU’s deserving students. (Source)

4) The NIU Foundation develops and supports a culture of giving throughout the NIU community. Donations to student scholarships through the NIU Foundation provide financial assistance to students of academic merit and/or financial need. The NIU Alumni Association has provided financial assistance through scholarships and trusts to thousands of students over the past 50 years, thanks to generous donations from NIU alumni. The purchase of an NIU license plate lets you show your Huskie pride while supporting NIU student scholarships. (Source)

5) The NIU foundation bought the home and 4.6 acres for $200,000 in 1977 from the Oderkirk family. Schrader said if anything good has come from the past two months working with NIU Foundation officials, it’s that the roof was restored so the house will be protected during the winter. (Source)

Portfolio Insights:“California Lutheran Educational Foundation (the “Foundation”) is a private foundation whose primary function is to provide fundraising support for California Lutheran University. KCLU – FM California Lutheran University (the “Station”) is a noncommercial radio station owned and operated by CLU.

The University’s endowment consists of approximately 300 individual funds established for a variety of purposes. Its endowment includes both donor – restricted endowment funds and funds designated by the governing board to function as endowments. As required by GAAP, net assets associated with endowment funds, including funds designated by the governing board to function as endowments, are classified and reported based on the existence or absence of donor – imposed restrictions.” (Source)

1) California Lutheran University in Thousand Oaks has received its largest-ever scholarship donation, a $4.7 million estate gift from a Pacific Palisades educator, the university said Feb. 25. California Lutheran University in Thousand Oaks has received its largest-ever scholarship donation, a $4.7 million estate gift from a Pacific Palisades educator, the university said Feb. 25.

The endowment is funded by John Manken’s bequest and will provide about $240,000 per year in Manken Family Scholarships to students who are seeking teaching credentials or majoring in math, physics or religion. The gift will boost CLU’s scholarship outlays from endowed funds by about 20 percent, the university said. About $23,000 can be distributed in 2014 and the full awards will be available in 2015.

Manken died of a heart attack at the age of 89 on March 27, 2012. He had spent 40 years as an elementary school teacher and principal before retiring in 1993. He earned a bachelor’s and master’s degree and a doctorate in music from USC, but after a year touring as a concert pianist decided to return to USC and earned a doctorate in educational administration instead. CLU noted that Manken, whose parents owned a plumbing business, had received a scholarship to attend college and wanted to extend the same opportunity to others. (Source)

2) The self-made Oxnard millionaire has pledged the largest gift in California Lutheran University’s history, a $5-million cash infusion designed to boost a building campaign at the Thousand Oaks campus.

The donation adds to the more than $4 million that Gilbert, founder of the TOLD Corp. construction firm, has given the university since 2002 to support modernization at the 46-year-old campus.

“The university is at a critical stage in its development and we want to help it along,” said Gilbert, 84, who pledged the money with his wife, Carol. “We hope to encourage others to give.” (Source)

3) California Lutheran University has received a challenge grant of $500,000 from the John Stauffer Charitable Trust to establish the John Stauffer summer research program in chemistry. CLU is calling on alumni and friends to make the additional donations needed to match the trust’s contributions, bringing the endowment for the John Stauffer Research Fellows Program in Chemical Sciences to $1 million. An anonymous donor already has committed the first $200,000.

At full funding, the endowment would provide fellowships to about 10 students a year to conduct original research full time for eight weeks with mentoring from faculty. It would also cover travel costs for the students to present their research at professional conferences. Grady Hanrahan, the John Stauffer Endowed Professor of Analytical Chemistry, will direct the program.

The new endowment will provide opportunities for many more chemistry majors to conduct summer research. Currently, two or three chemistry students have been conducting summer projects through the Swenson Science Summer Research Fellowship program. CLU’s long-term goal is to allow all interested and qualified undergraduate chemistry students to participate in summer research. (Source)

“Think of the endowment as a long-term savings account for the university,” said Stephen Wheatly, vice president of University Advancement. An endowment account is filled with dollars entrusted, or donated, by mostly alumni of Cal Lutheran, that is used for either specified reasons or unrestricted access.

“An endowment is a measure of wealth and capitalization in an institution,” said vice president of Enrollment Management and Marketing Matt Ward.

Donors are given the choice on whether they would prefer their money contribute to a specific department or section of the university, or to assign their donation as unrestricted, leaving Cal Lutheran the opportunity to invest their gift in the way it deems fit in hopes of turning a greater profit. (Source)

5) An administrative and academic leader with more than 25 years experience in higher education, Chris Kimball is president and chief executive officer of California Lutheran University in Thousand Oaks. Kimball became the University’s seventh president in April 2008 after serving as Provost and Vice President for Academic Affairs for nearly two years. He is currently focused on leading the University through its second half-century, with a commitment to academic excellence, service, and real world learning in support of the University’s 2012–2017 Strategic Plan.

Kimball is a historian by training. Having earned a doctorate and a master’s degree in history from the University of Chicago, his studies focused on American History, specifically, urban history and the history of sport. He has been published in a variety of journals and has spoken and lectured on topics ranging from the history of baseball and classic ballparks to current trends in higher education. He is co-author of a forthcoming book on historic ballparks in Minnesota. Kimball completed his undergraduate work at McGill University in Montreal, Quebec, Canada. (Source)

Portfolio Insights:“The George Mason University Foundation, Inc. seeks to promote the advancement of the University as an institution of higher education by developing and applying financial resources to the programs of the University and other such activities as are suited to that end.

The Foundation’s endowment consists of approximately 400 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by GAAP, net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

Top George Mason University Foundation, Inc. Endowment Fund Headlines:

1) David Atkins is writing the latest chapter in his ever-evolving, 25-year relationship with Mason — first as a student, then as an employee for more than 18 years. In 2003, he was one of the founders of the Black Alumni Chapter, and now he can proudly say that he is chairman of the brand-new Black Scholars Endowment.

The scholarship was organized by Mason’s Black Alumni Chapter and will be distributed to the first recipient(s) in 2013.

“A big part of the chapter’s mission is to advocate for black/African heritage students at the university,” says Atkins, BS Decision Science ’90, who is currently the director of contract management and licensing at Mason. “It made sense for us to establish an endowment that would live way past any of us and [fulfill that] mission in a very substantial way.”

In 2010, two successful fund-raising efforts were inaugurated to raise money for the endowment: the Black Greek Challenge and the Alumni Weekend Step Off. (Source)

2) Soza & Company Ltd. of Fairfax is funding a $100,000 scholarship endowment at George Mason University for graduates of the university’s nationally recognized Early Identification Program. The multiyear college preparatory program identifies, counsels and tutors academically talented middle and high school students who may be challenged or adversely affected by their personal circumstances.

“We guarantee admission to George Mason to those who successfully complete EIP; however, many of those individuals cannot afford to come here without scholarship assistance,” notes university President Alan G. Merten. “The SOZA scholarship endowment, and others like it, provides the necessary funds to ensure these students achieve their academic potential and earn a college degree.”

The SOZA endowment is part of the George Mason University Minority Advisory Board Scholarship Endowment. William Soza, chairman and chief executive officer of Soza & Company — an international management consulting and information technology firm — is a George Mason University Foundation trustee and MAB member.

EIP was established in 1987 through a partnership between the university and Fairfax County Public Schools. It has since been expanded to include the Arlington, Falls Church and Prince William County school systems. (Source)

3) There’s no doubting the academic credentials of Angel Cabrera as he takes the helm of Virginia’s largest university, George Mason University, for his first school year. Former dean of the IE Business School in Madrid, ranked one of the top 10 business schools in the world. Former president of the Thunderbird School of Global Management in Arizona, a leading management grad school. Author of a recent book on global leadership, a Fulbright scholar, holder of four degrees.

But, at 45, he also has the energy and youthful outlook of someone who knows how to balance hard work with hard play. He’s a rock and roll fan, he travels a lot, and he’s on Twitter constantly, in English and Spanish, where he’s highly entertaining. And in his first interview since moving to Fairfax, he was still bursting with excitement over having attended the last couple of days of the London Olympics, including the spectacular closing ceremonies. (Source)

4) Cardinal Bank has established a $250,000 endowment at George Mason University that will fund scholarships to selected first-generation college students attending the university. Cardinal’s funding of the scholarship program will provide financial assistance to graduates of the university’s Early Identification Program (EIP), which prepares eighth through 12th graders for college. The first recipients have been selected for the scholarship program. Last year, 107 high school students graduated from the EIP and 90 percent of them enrolled in 27 colleges around the country. George Mason University was the destination of 35 graduates. Since establishing the EIP in 1987, George Mason University has been hosting weekly tutoring and mentoring sessions and a three-week Summer Academic Academy to improve students’ access to higher education and their quality of life. The program identifies seventh graders who show academic promise, motivation, commitment and leadership potential. Currently there are 145 students participating in the 8th grade program and 440 in the high school program. (Source)

5) Dr. S. David Wu became Provost and Executive Vice President of George Mason University on July 1, 2014. As chief academic officer of the university, Dr. Wu is responsible for all aspects of academic administration of the university. He also serves as Professor in the Volgenau School of Engineering.

For almost a decade, Dr. Wu served as Dean of the P.C. Rossin College of Engineering and Applied Science at Lehigh University, where he also held the Lee A. Iacocca endowed chair. While serving as dean, he worked closely on the development and implementation of both college and university strategic plans, as well as developing fundraising and financial planning activities for his college. He spearheaded a focused effort on multidisciplinary academic innovation, which redefines engineering education as a critical component of liberal education for the 21st century. He believes that analytical thinking skills prepare leaders and innovators not only for engineering but a wide variety of opportunities in business, law, medicine, public policy, and design. The college strategic plan sets out to reinvent and reinvigorate long-standing academic strengths to create strategic focus in Health and Healthcare, Energy and Infrastructure, and Computing and Data Analytics. These efforts have led to a period of unprecedented expansion and renewal for the Rossin college, have renewed over 40% of the tenure track faculty, created over a dozen interdisciplinary programs, and substantial new or renovated academic space. (Source)

Portfolio Insights:“The University invests approximately 96 percent of its endowment funds with the Murray State University Foundation, Inc. $1.9 million – Increase in endowment investments, including a $1.3 million increase in the stock investments and a $0.5 million increase in unrealized gains on investment.” (Source)

1) Murray State University will soon launch a campaign with a goal of $50 million. We are honored to share with you the preliminary campaign case exploring each of the ways this campaign will transform Murray State University for generations to come. And we hope you find a role for yourself in this unprecedented philanthropic initiative. (Source)

2) Murray State University announced a $250,000 gift from alumnus Dr. Robert G. Burton Sr. and family to complete the Hall of Champions, which will highlight the university’s great collegiate athletics history. It is scheduled to open in the summer of 2015.

The 2,300-s.f. facility, “The Burton Family Hall of Champions,” will highlight men’s and women’s sports, including football and basketball, and will showcase championship teams, All-American players and Hall of Fame members.

“This gift will allow Racer athletics to fulfill a long-time dream of centralizing our recognition areas and displaying the long and distinguished history of our programs,” said Allen Ward, director of athletics. “I am indeed grateful to Dr. Burton and the Burton family for their generosity and support.” (Source)

3) Murray State University president Bob Davies’ family has given $117,000 to the university to support scholarships, academic enhancements, and other student needs.

The Davies family made the contribution after learning of the fundraising campaign led by university founder Dr. Rainey T. Wells that raised nearly $117,000 in seed funds for Murray State Normal School. The 1922 campaign committee included Rainey T. Wells, James Glasgow, Robert Broach, O.T. Hale, Nat Ryan, Thomas Stokes, and Ben Grogan. They raised the money from over 1,100 individual donations ranging from $5 to $2,500.

Davies is excited to support students with a gift that has a unique tie to the university’s history. He also stresses that the gift comes from his family has a whole.

“This is a major commitment from Cindy and Katie, too. It is important to note, in large part, we are here due to Katie’s support and commitment, and we are very pleased to be here. This is truly a great university, full of excellent students, faculty and staff, along with alumni and friends who love this institution,” Davies said. (Source)

4) Dr. Joseph (Jay) Morgan holds a B.S. in agriculture science and business, and an M.S. in agriculture science with an emphasis in teaching secondary career and technical education. He earned his Ph.D. at Oklahoma State University in agricultural education with additional coursework in management and educational leadership. Previously he served as a high school CTE teacher, president of a small company, faculty member and teacher educator, leadership program director, associate provost, and presently as Provost and Vice President for Academic Affairs at Murray State University. Dr. Morgan has been involved with teaching and leadership within both secondary and higher education, as well as career and technical education in Kentucky. He has led over 15 international study abroad programs, as well as obtaining numerous grants within his area. His University service includes terms on the Faculty Senate, the University Academic Council, the University Studies/General Education Committee, and he was elected to two terms as the University’s Faculty Regent. (Source)

5) Dr. Robert G. Burton Sr., an alumnus of Murray State University, has made a gift of $250,000 to complete the construction of Hall of Champions. The 2,300-s.f. facility, “The Burton Family Hall of Champions”, that is scheduled to open in the summer of 2015 will showcase the university’s great collegiate athletics history. The Hall will also highlight men’s and women’s sports programs including football and basketball, championship teams, All-American players and Hall of Fame members.

“This gift will allow Racer athletics to fulfill a long-time dream of centralizing our recognition areas and displaying the long and distinguished history of our programs,” said Allen Ward, director of athletics. “I am indeed grateful to Dr. Burton and the Burton family for their generosity and support,” Lanereport reports. (Source)

Portfolio Insights:“Fiscal 2010-2011 was another year of blessing for Oklahoma Christian University. Contributions from foundations and individuals for things like student scholarships, capital projects, and new endowment exceeded $15 million in total collections. Enrollment was the second highest on record at 2,208, with another record enrollment in graduate students in our MBA, graduate Bible, and the new Master of Science in Engineering program. Affordability of Christian higher education is one of the major issues of our time, and endowment gifts help Oklahoma Christian keep our costs for students lower than most comparable universities.” (Source)

1) The Northwest Endowment Fund has been created to help preserve and extend the legacy of Christian higher education in the Pacific Northwest represented by both Columbia Christian College and Cascade College. The histories of Oklahoma Christian University and Columbia Christian College converged in 1993, resulting in the opening of Cascade College as a branch campus of Oklahoma Christian University. Cascade College played an important role in strengthening the church and serving Christian families in the Northwest for 15 years.

Oklahoma Christian University has created the Northwest Endowment Fund to fulfill its ongoing commitment to Christian higher education and service to the churches of Christ in the Northwest. The spendable income from the fund will be used to help provide Christian higher education for students from the region served by Cascade College, as well as for efforts to strengthen and nurture churches of Christ in the Northwest. (Source)

2) Oklahoma Christian University announced today the full endowment of the Rebecca Stafford Endowed Scholarship for Nursing. A $10,000 gift from Mercy Hospital Oklahoma City helped meet the $50,000 fundraising goal, with a matching gift from an anonymous donor boosting the endowment to $100,000.

Rebecca Stafford, a former Oklahoma Christian University student, lost her three-year battle with cancer in March. After enrolling at OC in 2010, she was able to complete a number of classes despite moving in and out of remission, having countless infections, and undergoing chemotherapy and radiation treatments.

“Rebecca wanted to spend as much time as she could as a normal student. Students and people three or four times her age saw her and were inspired,” OC president John deSteiguer said. “The Rebecca Stafford Endowed Scholarship at Oklahoma Christian University is a remarkable tribute to the donors, to the family, to Rebecca and to God. It shows how God can work, and we’re grateful Rebecca’s impact is going to go on long after this.” (Source)

3) Oklahoma Christian University (OC) is a special place of Higher Learning and Higher Calling. It’s a place we call home.

Our mission is to transform lives for Christian faith, scholarship, and service. Students get a better, deeper education at a first-rate Christian university like OC. Our students, alumni and faculty constantly earn national or regional awards or recognition for effectively serving others locally or across the globe. But even beyond the high-quality academic experience, OC provides opportunities for young people to mature spiritually, socially and emotionally in ways that state schools cannot.

At OC, we not only teach, we connect. Christian men and women educate students in the classroom, but also connect with them outside of it – at church, across the campus and in their homes. It is through these deeply important mentoring relationships that students are able to explore real faith, not as stagnant text on a page, but as a living, breathing, world-changing force that’s relevant in every facet of their lives. (Source)

4) John deSteiguer became the seventh president of Oklahoma Christian University (OC) on May 1, 2012. He was inaugurated in special ceremonies on August 27, 2012. A native of Tahlequah, Oklahoma, deSteiguer has spent two decades in higher education. He served Northeastern State University, his alma mater, as its director of development from 1993 to 2002 before coming to Oklahoma Christian.

During deSteiguer’s nine years as OC’s chief advancement officer, most recently as senior vice president for advancement, a record $110 million was given to the university, including the successful Higher Learning~Higher Calling campaign, which raised $64.3 million and was completed ahead of schedule.

That campaign led to significant improvements for Oklahoma Christian, including the new Lawson Commons, featuring the Freede Centennial Tower and McGraw Pavilion, and the $7.5 million initiative to build the Noble Science Wing and upgrade the Mabee Laboratories at Vose Hall. The campaign also produced four new endowed chairs and more than 60 new or enhanced maintenance, operating, and scholarship endowments. (Source)

5) State treasurer Ken Miller appointed OC Board Chair Don Millican to the Board of Directors of the Oklahoma Tobacco Settlement Endowment Trust.

“I am pleased to appoint Don to this important board,” Miller said in a news release. “With his history of philanthropic work in the Tulsa area, I know Don will help the board in fulfilling its mission.”

Millican is Chief Financial Officer at Kaiser-Francis Oil Company in Tulsa. He serves on the boards of Tulsa Educare, Inc., which provides early education for at-risk children, and Neighbor for Neighbor, which operates a free health clinic in North Tulsa.

He has chaired OC’s Board of Trustees since 2001. He and his wife Donna established an endowment at Oklahoma Christian that supports an annual ethics symposium at the university. (Source)

Portfolio Insights:“The mission of Nazareth College is to provide a learning community that educates students in the liberal arts, sciences, visual and performing arts, and professional fields, fostering commitment to a life informed by intellectual, ethical, spiritual, and aesthetic values; to develop skills necessary for the pursuit of meaningful careers; and to inspire dedication to the ideal of service to their communities. Nazareth seeks students who want to make a difference in their own world and the world around them, and encourages them to develop the understanding, commitment, and confidence to lead fully informed and actively engaged lives.” (Source)

1) John Fisher College and Nazareth College have partnered with TLI to create the Rochester Participatory Research Collaborative that allows TLI students to work with college students and professors to conduct scholarly research. Through this opportunity, TLI students have shared their research findings at various national educational conferences. The TLI Senior Seminar is part of the Monroe Community College dual credit program, allowing TLI seniors to gain college credit while still in high school. (Source)

2) Daan Braveman, the ninth president of Nazareth College, is a Rochester, N.Y., native. Braveman graduated from the University of Rochester in 1969 and obtained his law degree from the University of Pennsylvania in 1972. He served as law clerk to Justice Samuel J. Roberts of the Pennsylvania Supreme Court and then worked as an attorney for the Greater Upstate Law Project located in Rochester. While at the Project he was engaged in civil rights litigation throughout New York State.

Braveman joined Syracuse University College of Law in 1977 and served as Dean from 1994–2002. During his tenure, he taught courses in civil procedure, civil rights, constitutional law, federal courts, and federal Indian law, and was one of the founders and directors of the Public Interest Law Firm at the Law College. He has published many articles and books on constitutional law, civil rights, legal education, and federal Indian law. In 2003, he was one of seven candidates nominated by the New York State Commission on Judicial Nomination for position as Associate Judge of the New York Court of Appeals. (Source)

3) In celebration of its upcoming 90th anniversary, Nazareth College aims to establish 90 new endowed funds by fall 2014. With 74 endowments committed since the start of the Campaign for College and Community, only 16 endowed funds remain to reach that goal and help keep Nazareth strong for the next 90 years and more.

“Gifts to endowed scholarships and funds are invested, with a portion of the interest awarded each year, to provide support in perpetuity and provide a lasting legacy,” explains Margaret Cass Ferber, vice president for finance and treasurer. “Endowed funds support the needs of our students today while preserving funds for the students of tomorrow.” Funds from the endowment are also vital because they reduce dependence on tuition and create a more financially sound institution. (Source)

4) The Nazareth College Department of Psychology is proud to announce that Assistant Professor, David W. Steitz, Ph.D, has been named treasurer and member of the executive committee for the State Society on Aging of New York. Steitz, of Fairport, is the director of Nazareth’s Gerontology Program.

The State Society on Aging (SSA) of New York is an interdisciplinary membership society. SSA brings together individuals and groups from health, government, educational and community settings committed to improving the quality of life for older New Yorkers through education, research, service, and advocacy.

The State Society on Aging of New York was founded in 1972 as the New York State Association of Gerontological Educators (NY SAGE). Since its formation it has provided leadership in the field of aging, especially in promoting gerontology and geriatrics education. In 1989, the organization officially changed its name to The State Society on Aging of New York, Inc., recognizing its changing membership and its role as the foremost interdisciplinary organization in the state. While education remains a primary concern, SSA welcomes the contributions of all those interested in any aspect of aging. (Source)

5) Nazareth College participates in St Vincent de Paul’s mini vinnies, where college students work with different local primary schools to raise social justice awareness and generate funds for those in need. The initiative is part of the Mini Vinnies program, where Nazareth students from Years 5 to 9 work with primary schools to increase social justice awareness and generate money for those in need. For the past two years, the cluster of schools has donated to St Vincent de Paul’s volunteer tutoring program for disadvantaged young people, held at St Mary’s Catholic Church in Dandenong on Saturdays. Last Thursday, students from the seven schools got together to brainstorm ideas and meet with St Vincent de Paul representatives. Nazareth cluster co-ordinator Guiliana Faiola said it was something the students looked forward to each year. (Source)

Portfolio Insights:“The University’s largest asset is its investment in capital assets, including land, land improvements and infrastructure, buildings, equipment, library acquisitions, construction in progress, and works of fine art. Capital assets represent 78% of the University’s total assets. Notes and bonds payable totaled $121.6 million at June 30, 2014. This represents 77% of the University’s total liabilities.

The Foundation recognizes that, over the long term, equity investments provide the best opportunity to achieve the objectives and goals of the Endowment Fund. However, a degree of diversification in other forms of investments is prudent.” (Source)

Top Saginaw Valley State University Foundation Endowment Fund Headlines:

1) The SVSU Foundation is launching an aggressive fund-raising initiative in association with the 50th anniversary of the university, and SBWP is one of the special funds that could be selected for donation by prospective alumni donors. Not only has this endowment fund raised a little over $2,000 in one year, it has helped to imbed the SBWP more firmly in the institution. (Source)

2) The Saginaw Valley State University Foundation has completed its “Promise for Tomorrow” fundraising campaign, collecting more than $23 million. That total exceeds the goal of $20 million set when the campaign began in 2005. The campaign attracted several major endowments, such as:

* $3 million from Dr. E. Malcolm Field to create two new endowed chair positions: the Clifford Spicer Chair in Engineering, currently occupied by Alan Freed, who specializes in health and medical devices; and the Malcolm and Lois Field Chair in Health Science, soon to be occupied by Jeffrey Smith, who specializes in the study of brain injuries and the central nervous system. Both teach in the classroom and provide extraordinary research opportunities for students.

* $2 million from the Herbert H. And Grace A. Dow Foundation to establish an Entrepreneurship Institute and endow an entrepreneur-in-residence position, currently occupied by Ken Kousky.

* $1.5 million from the Rollin M. Gerstacker Foundation to establish the Gerstacker Fellowship, which provides leadership training to select K-12 educators.

* $1.5 million from the Harvey Randall Wickes Foundation to establish the Braun Fellowship, a unique partnership where the Saginaw Community Foundation administers funds to recognize the exceptional accomplishments and potential of select SVSU faculty and staff. It is named in honor of Ruth and Ted Braun of Saginaw. (Source)

3) The SVSU Foundation has formed a Theodore Roethke Memorial Endowment to help fund the growing festival, the prize itself and the establishment of a Roethke scholar-in-residence program. The dinner may cultivate prospective donors. The endowment hopes to raise $500,000 by 2014. (Source)

4) The SVSU Foundation’s investment committee will now be serving in an advisory capacity to the SVSU Board of Control on investment decisions.

Investment oversight will be transferred from SVSU vice president of business affairs James G. Muladore’s office.
Mr. Muladore says that the foundation committee’s experience in fund raising for endowments made it a good choice in advising the board.

“The investment decisions of the foundation committee will be in compliance with the board and the board will make the final decision on investments,” he said. (Source)

5) The mission of the SVSU Foundation is to generate and cultivate a community of enthusiastic and loyal donors who contribute to the development of a premier university of outstanding students.

The Saginaw Valley State University Foundation was established in 1977 as a separate legal entity to function as the fund-raising arm of Saginaw Valley State University. Its purpose is to provide support for SVSU in order to assist in the accomplishment of the educational purposes of the University. (Source)

Portfolio Insights:“Following is Management’s Discussion and Analysis of the financial activities of Oakland University (University, Oakland or OU) for the fiscal year ended June 30, 2014 with selected comparative information for the year ended June 30, 2013 and 2012.

The University’s total assets were $766.6 million and $712.7 million at June 30, 2014 and 2013, respectively. The University’s largest asset is its investment in capital assets, including land, land improvements, infrastructure, buildings, equipment, library acquisitions, and construction in progress. Capital assets represent 59% and 49% of the University’s total assets at June 30, 2014 and 2013, respectively.” (Source)

1) Oakland University raised nearly $112 million in a capital campaign to bolster research endowment funds, renovate classroom and laboratory spaces and create new scholarships, the school announced Monday. The total for the Campaign for OU comes nearly a year ahead of the university’s goal of raising $110 million by 2010. It was the first-ever capital campaign for OU.

The university said it has created 45 endowed scholarships, 36 research and program endowments, two endowed chairs, two professorships and brought in four lecture series through the funds. The campaign also led to the creation of the new writing center in Kresge Library and established new academic programs.

The campaign, which was launched in 2005, brought in 6,800 new donors and nearly 2,000 new alumni. (Source)

2) Oakland University journalism professors Holly and Garry Gilbert have created a scholarship endowment and planned gift to Oakland students interested in journalism, research and reporting. The Gilberts will make an annual contribution to the Holly and Garry Gilbert Oakland University Endowment for Safeguarding the Public Interest, and it will begin paying out within the next four years. Once the scholarship is fully funded, it will be awarded annually in perpetuity. (Source)

3) May 14, 2013 – James P. Lentini has been appointed Oakland University’s senior vice president for academic affairs and provost, OU President Gary D. Russi announced this week. Pending formal approval by the Oakland University Board of Trustees, his tenure will begin on Monday, July 8.

The senior vice president for academic affairs and provost is the university’s chief academic officer, with responsibilities for academic programs, personnel and resources. The primary duty of the provost is to ensure the quality of education and research at the bachelor’s, master’s, and doctoral levels.

In this position, Lentini will have oversight responsibility for the College of Arts and Sciences; the schools of Education and Human Services, Business Administration, Engineering and Computer Science, Nursing and Health Sciences; and the Oakland University William Beaumont School of Medicine. (Source)

4) During a scholarship breakfast hosted by the School of Education and Human Services, the Humana Foundation announced its intentions to donate $100,000 in support of Oakland University’s development of a medical school. OU and Beaumont Hospitals have partnered to develop the medical school, which will open its doors to students in 2010. Dur the breakfast, at which Humana’s President and Chief Executive Officer Mike McCallister spoke, Humana also donated $5,000 for scholarships for Human Resource Development students.

“We are pleased with the enthusiastic response from the community since we announced plans to create a medical school in partnership with Beaumont Hospital,” said Ted Montgomery, director of media relations for Oakland University. “We appreciate Humana making this commitment and supporting our vision to bring a high-quality medical education to Oakland County.” (Source)

5) Oakland University Board Member Dennis Pawley and his wife, Carlotta, donated $4 million to the university to name the School of Education and Human Services building Carlotta and Dennis Pawley Hall. The naming will be made official, pending board approval, at the board’s Feb. 4 meeting.

“Dennis and Carlotta Pawley are lifelong friends of Oakland University, and this tremendous gift is further testament to their love of and commitment to Oakland and to allowing our students to pursue their dreams,” said OU President Gary Russi. “Pawley Hall certainly will be among the many lasting legacies the Pawleys have bestowed upon Oakland University.”

In February 2002, the Pawleys funded a $1 million endowment to establish the Pawley Lean Learning Institute on Oakland’s campus. The Pawleys also are members of the Varner Society, an organization that recognizes donors to the university who have contributed between $5 million and $10 million. (Source)

Portfolio Insights:“Elizabethtown College (the College), founded in 1899, is a comprehensive residential college located in Pennsylvania’s historic Lancaster County. More than 45 major programs of study in liberal arts, sciences and professional studies are offered to more than 2,000 students. The College records investments at fair value. Equity securities and mutual funds are valued at quoted market prices. Mortgage investments and cash surrender values of life insurance policies, are carried at the stated value which approximates the market value of these assets.

The College’s endowment consists of a portfolio of actively managed funds established to provide both a source of operating funds as well as long-term financial stability. The endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as quasi-endowments.” (Source)

1) Elizabethtown College’s endowment is the foundation on which our future rests. Financial returns from the endowment provide long-term, sustainable support for the College. So, these returns not only support students enrolled today. They also impact students who will enroll tomorrow and for generations to come.This is why growing the College’s endowment is one of our top priorities.

Investments in the College’s endowment are just that: investments. For the College’s partners, contributing to the endowment is the best way to invest in our future. (Source)

2) Carl J. Strikwerda is the fourteenth president of Elizabethtown College, serving since 2011. Between 2004 and 2011, he served as Dean of the Faculty of Arts and Sciences at the College of William and Mary in Williamsburg, Virginia. Previously, he was Associate Dean of the College of Liberal Arts and Sciences at the University of Kansas He received a B.A. from Calvin College, an M.A. from the University of Chicago, and a Ph.D. from the University of Michigan.

Besides his scholarship in history, he has published a book, Deans and Development: Making the Case for the Liberal Arts.

President Strikwerda has served as an historical consultant to the National World War One Museum in Kansas City, Missouri, and to a number of colleges and universities on higher education administration.. He has given talks to business groups, schools and religious organizations on World War One and the history of globalization. (Source)

3) Susan has been the Provost and Senior Vice President at Elizabethtown College since 2007. She is the Chief Program Officer of the College and reports directly to the President, acting for the President in his absence, and providing appropriate leadership with other administrators. She works closely with the Deans and provides strategic direction and oversight to the College’s academic and student life programs, including those offered through the School for Continuing and Professional Studies. She is responsible for major personnel issues related to the educational programs of the College, including faculty appointments and tenure and promotion reviews. The Provost and Senior Vice President represents the administration on the Executive Council of the Faculty Assembly and represents the College in its relationship with the Brethren Colleges Abroad.

Dr. Traverso is responsible for advising the President on all major matters of resource allocation within the academic and student life areas of the College including construction and other capital projects, space allocation, and distribution of new positions within the faculty. She is the chief planning officer of the College and co-chairs the Strategic Planning Committee. She chairs the Facilities Planning and Construction Committee and the Hiring Review Committee. (Source)

4) At Elizabethtown College in Pennsylvania, the Wunderbot autonomous robot project has been progressing for over five years. From the financial assistance and donations of numerous corporate sponsors, new equipment and software is added to the robot between competitions. Its primary objective is to compete in the IGVC, with the potential of administering future automated tours on the college campus. Wunderbot IV is led by the team of James Painter, David Coleman, and Jeremy Crouse, with support from Chris Yorgey and Daniel Fenton, and advised by Dr. Joseph Wunderlich. The project has become a staple of the school’s Physics and Engineering Department, attracting prospective students and drawing the attention of local industry and media. (Source)

5) As vice president for finance, Richard “Rick” L. Bailey is responsible for the financial management of the College. He is a member of the senior management team. Specific responsibilities include accounting, financial reporting, audit, accounts payable, student accounts, card services, treasury management, endowment, annual budget, planning and risk management. He recommends and facilitates agendas and discussions among Senior Staff, College committees and with Board of Trustee committees for finance, audit and investments. (Source)

Portfolio Insights:“Seattle Pacific University is a Christian private nonprofit institution of higher education based in Seattle, Washington, that has a vision to “engage the culture and change the world”. The University offers degree programs for undergraduate and graduate students through the College of Arts and Sciences and the schools of Business and Economics; Education; Health Sciences; Theology; and Psychology, Family and Community.

The University’s endowment consists of funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments (quasi-endowments). As required by accounting principles generally accepted in the United States of America (GAAP), net assets associated with endowment funds, including quasi-endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) Since 1991, Donald W. Mortenson has served as, first, president and now vice chair of the Seattle Pacific Foundation. He is responsible for the Foundation’s investment management and oversight of the Seattle Pacific University Endowment and Charitable Trust Portfolio with over $95 million in assets. Don earned both a BS in Math and Economics (1971) and an MBA (1988) from Seattle Pacific. He also completed The Endowment Institute training at Harvard University Graduate School of Business. (Source)

2) Gordon Nygard serves as treasurer and chief investment officer of the Seattle Pacific Foundation, and is responsible for the Foundation’s investment management of the University’s Endowment and Charitable Trust portfolios. He has earned both a BA in Business Administration and Economics (1973) and an MBA (2005) from Seattle Pacific, and has completed The Endowment Institute training at Harvard University Graduate School of Business. (Source)

3) Each year, senior nursing students from Seattle Pacific University engage in community health projects, partnering with various organizations in the greater Seattle area. One group of students worked with the WAVE Foundation to take leadership in facilitating and developing a project defined by the organization as a need of critical importance. Some allied health care professionals may not feel confident in their ability to assess and provide resources to clients experiencing domestic violence. Through research and collaboration with WAVE and other community resources, these students developed a short educational video aimed at allied health professionals who may encounter these clients. This video project provides essential assessment questions and follow-up resources to help health care professionals gain confidence in screening clients who may be at-risk for or experiencing domestic violence. (Source)

4) Seattle Pacific University is a place where 4,000 undergraduate and graduate students gain a superb education grounded on the gospel of Jesus Christ — and the tools to influence the world for good. Outstanding scholarship and thoughtful faith is a powerful combination that brings about change in the lives of graduates, and in the people and communities they go on to serve. (Source)

5) President Daniel J. Martin, Seattle Pacific University’s 10th president in 121 years, came to SPU after serving as a university administrator and president for 18 years. “I consider SPU one of the nation’s great Christian universities,” he says. “When the opportunity to apply for its presidency arose, it was a natural for me.” (Source)

Portfolio Insights:“Westminster College (th e “College”) is a not-for-profit; private, independent college offering both professional and liberal arts courses of study, as well as selected graduate programs. Fundraising for certain campus facilities are designed to raise funds for: 1) construction of the facility, and 2) permanently restricted endowment to support the operation of the facility. The funds raised are recorded as temporarily restricted net assets.

Westminster College’s endowment consists of approximately 260 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by GAAP, net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) Dr. Brian L. Levin-Stankevich is Westminster College’s 17th president. President Levin-Stankevich was the chancellor at the University of Wisconsin-Eau Claire from 2006 through 2012. During his tenure, he initiated and led a broadly based strategic planning process and successfully moved new academic programs through the University of Wisconsin system.

President Stankevich is the recipient of the 2011 President’s Award (NASPA) and the 2006 Regents Teaching Excellence Department Award. Prior to his Chancellorship at Eau Claire, he was interim president of Eastern Washington University. Dr. Levin-Stankevich holds a bachelor’s degree in history from Hamilton College and a Ph.D. from SUNY. (Source)

2) Jim Clark is a well respected business and academic leader. He has an extensive background in business, management and consulting. From 2005 through 2007, Jim served as Dean and Assistant Professor of Management for the Gore School of Business, Westminster College. Prior to that (1994-1999), Jim was a senior executive with American Stores Company, where he held positions as Chief Planning Officer and before that, Senior Vice President for Strategy and Change Management. He also served as the Corporate Senior Vice President, Marketing and Planning, at Lucky Stores in California. His career has included being a consultant with McKinsey & Co. and service as a Naval Officer. Jim is a graduate of the U.S. Naval Academy and the U.S. Naval Postgraduate School. (Source)

3) Westminster College announced today that St. Mark’s Hospital, a member of HCA MountainStar Healthcare, has committed $300,000 to name the St. Mark’s Hospital Anatomy and Physiology Lab in the nursing suite of the college’s new Meldrum Science Center. The $25-million facility is scheduled to open in spring 2010.

“Our gift to Westminster reflects the high regard we have for the college,” said Steven B. Bateman, chief executive officer of St. Mark’s. “We are impressed by the top-notch education the college provides, and the innovative ways in which their students learn. When we hire Westminster nurses, we know they share our commitment to making patients the highest priority.”

St. Mark’s Hospital and Westminster have had a long and mutually beneficial relationship dating back to 1949. “We are pleased to strengthen this tradition with our gift and continued support,” Bateman continued. (Source)

4) The newly expanded position of provost and vice president for academic affairs at Westminster is enormously important,” said search committee member Diane Forster-Burke when discussing one of the college’s most recent and exciting appointments. “This key individual not only oversees all academic programs, with deans from each school reporting to him, he is now responsible for Westminster’s IT programs, the library, student services, student government, residential housing, and athletics. The umbrella is very broad, so I must say we are thrilled that after six months of searching and meeting a range of fascinating and highly qualified people from all over the country, we came to the consensus that Cid Seidelman is indeed the perfect fit.”

Forster-Burke explained that the committee, comprised of faculty, staff, and a member of the board of trustees, evaluated 57 candidates, assessing their qualifications in several key areas. The list included: experience at least at the dean’s level; time involved in education, including classroom time; communication skills; experience with fundraising; and working experience with information technology. “The ideal candidate had to be exceptional in every area—and, a good fit with President Bassis,” added Forster-Burke. (Source)

5) January 23, 2006 – Westminster College President Michael Bassis announced today, the college has received the largest single gift in its history-$10 million to be paid over 5 years-from Ginger and John Giovale of Flagstaff, Arizona. The gift will go toward helping Westminster construct a new $30 million, 60,000-square-foot, state-of-the-art Science Center and endow a faculty chair in science.

In reference to the gift, Ginger Giovale remarked, “I have always believed that a good education can not only have a positive influence in transforming an individual’s life, but also the country and, indeed, the world. This gift is only made possible by the creative work of W.L. Gore associates worldwide, many of whom have received just such an education.”

“This generous gift will support Westminster’s growing science programs. We seek to prepare science majors for important careers and to promote scientific literacy among all Westminster graduates. The science curriculum our faculty has developed includes a variety of active, experiential, collaborative, and cross-disciplinary learning designs and provides students with abundant opportunities to engage in undergraduate research,” said President Michael Bassis. (Source)

Portfolio Insights:“Manhattan College (the College) is a private independent institution of higher learning. The College was founded by the Brothers of Christian School, an order organized by St. John Baptist de La Salle, an education leader and social reformer. The College’s investments (including investment held by bond trustees) are reported at estimated fair value based upon quoted market prices or, with respect to alternative investments, at estimated fair value using net asset values, as a practical expedient, provided by the fund manager.

The College’s endowment consists of approximately 221 individual funds established for a variety of purposes, including both donor-restricted endowment funds and the funds designed by the College to function as endowment (quasi-endowment).” (Source)

1) Brennan O’Donnell, Ph.D., is the 19th president of Manhattan College, having assumed the responsibilities of the position July 1, 2009.

O’Donnell came to Manhattan after five years of service as the dean of Fordham College at Rose Hill, Fordham University. Before coming to New York, O’Donnell spent 17 years at Loyola College in Maryland (now Loyola University Maryland), where he served as a professor of English and, from 1999-2004, as director of the university-wide honors program. An active scholar, his teaching and research interests focus mainly upon poetry, especially of the British Romantic period, and on religion and literature, particularly contemporary American Catholic writers. He has authored two books on the poetry of William Wordsworth and co-edited The Work of Andre Dubus, a collection of essays published as a double issue of Religion and the Arts. In addition, O’Donnell has published articles, essays and reviews in some of the leading journals in his field. (Source)

2) William Clyde, Ph.D. joined Manhattan College as provost and executive vice president for academic affairs in July 2010. In this role, he coordinates the work of the academic deans, institutional research and assessment, all academic support services, the library and information technology. Since joining Manhattan College, Clyde has joined the Board of Union Community Health Center in the Bronx as part of the College’s outreach to the community.

Prior to his appointment at Manhattan, Clyde served as vice president for academic affairs at Queens University of Charlotte from July 2007 through June 2010. While at Queens, he served on the boards of Discovery Place, the preeminent science education center in Charlotte, and the World Affairs Council of Charlotte. Before joining Queens, Clyde was at Quinnipiac University from 1990-2007, where he held the positions of associate vice president for academic affairs, founding dean of the college of professional studies, and founding dean of academic technology, all after having earned the rank of professor of finance. (Source)

3) Manhattan College received $10 million, the largest donation in the school’s history, from Thomas O’Malley, the former chairman of the school’s board of trustees. The money will help finance the Raymond W. Kelly Student Commons, a student center named after 1963 alumnus and NYPD Commissioner Ray Kelly. Mr. O’Malley, a 1963 alumnus, said he was honored to provide the “lead gift” for the student commons. “Police Commissioner Ray Kelly does, in our view, reflect all that Manhattan College teaches. His success, service and unblemished reputation provides the model that we ask our students to aspire to,” Mr. O’Malley said in a press release. To date Manhattan College has raised $27 million for the student commons, which the school plans to break ground on by the end of the year. Mr. Kelly said he thought the commons’ namesake a reflected well on the entire police department. (Source)

4) Like a plot twist in a novel, 18 lucky students at Manhattan College will benefit when bestseller author James Patterson gives back to his alma mater, the school he hadn’t planned to attend. Patterson dreamed of going to Harvard University, but unbeknownst to him, his high school principal only sent his transcript to the Riverdale college. “That school was always dedicated to educating the lower and middle class, and really getting students to understand that they had a moral imperative to give back,” Patterson told the Daily News in a phone interview. Now he is offering eight juniors and eight seniors $5,000 each in scholarships. The awards will be announced this summer for the new school year. College President Brennan O’Donnell said the students eligible for the awards are “emerging stars.” “They work in student government, organize and lead the Lasallian Outreach Volunteer service trips (and) tutor in the local schools…while excelling in classes,” said O’Donnell. (Source)

5) The Brothers of the Christian Schools, District of Eastern North America (DENA) will contribute $789,554 to Manhattan College. The donation will benefit both the College’s Christian Brothers Scholarships, which provide scholarships to economically disadvantaged students, and the Brother Thomas J. Scanlan, FSC, Endowment for Lasallian Heritage to further support and fund professional development and activities for faculty and staff.

The DENA gift is a direct result of two residential properties owned by the Christian Brothers recently sold on Tibbett Avenue in Riverdale. The Brothers’ District administration has decided to donate half of the proceeds to Manhattan College.

“The College is grateful for the generous gift, which will contribute significantly to our core mission as a Lasallian college, providing direct assistance to students in need and strengthening faculty and staff development programs,” said Brennan O’Donnell, Ph.D., president of Manhattan College. (Source)

Portfolio Insights: Carthage College (“the College”) is a four-year liberal arts college affiliated with the Evangelical Lutheran Church in America. The accounting policies of the College reflect practices common to colleges and universities and conform to generally accepted accounting principles. The College’s endowment consists of approximately 255 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the governing board to function as endowments. (Source)

1) A composer, musician, and scholar, Gregory S. Woodward is the 22nd president of Carthage College. Since taking office in August 2012, Dr. Woodward has worked to strengthen campus-wide engagement, establishing new events for students and forming representative bodies for staff and faculty members. He was inaugurated on April 27, 2013.

President Woodward came to Carthage from Ithaca College, where he led one of the premier undergraduate music conservatories in the country as Dean of the School of Music. He joined Ithaca’s Department of Music Theory, History, and Composition as a composer in 1984, becoming a full professor in 2000. During his time at Ithaca College, Dr. Woodward also served as dean of graduate and professional studies and interim provost/vice president for academic affairs. (Source)

2) Dr. David García has been named provost and chief academic officer at Carthage. He joins Carthage from his current position as associate provost for business intelligence at Ithaca College. In this role, Dr. García conceptualized, implemented, and executed a business intelligence strategy for the College, assuring availability and access to institutional data, insightful analysis, and informed institutional decision-making. He is responsible for the structure and allocation of budgets for the divisions of Educational Affairs at Ithaca College, totaling approximately $75 million, as well as the management of major capital projects as they relate to Educational Affairs.

“I am elated that Dr. García will become Carthage’s next provost,” says Carthage College President Gregory Woodward. “The broad experiences he has had in higher education have provided him with a vast skill set that perfectly matches the needs and goals at this moment in time at Carthage. His understanding of the various roles of the faculty, staff, and administration will be invaluable in leading a multifaceted academic affairs office. His expertise in budgeting, institutional research, faculty workload, and staffing is outstanding, and will be put to immediate and effective use at Carthage.” (Source)

3) Carthage College has received a $10 million gift from the Tarble Family Foundation of Los Angeles to be used toward the construction of a new east wing in the David A. Straz Jr. Center for the Natural and Social Sciences. This is the second-largest gift in the history of the college, 2001 Alford Park Drive. Jan Tarble, daughter of the late Newton E. and Louise A. “Pat” Tarble, presented it to Carthage College president Gregory Woodward earlier this month.

The 35,000-square-foot wing is part of a $43 million science center that is scheduled to open in fall 2015. Crews broke ground on the project in spring, according to a press release.

This latest gift brings the Tarble family’s total contribution to Carthage College to almost $40 million. The family also donated toward the N. E. Tarble Athletic and Recreation Center, the Tarble Arena, and the Campbell Student Union.

“Carthage College would not be what it is today without the generosity of many dedicated supporters, and chief among these wonderful friends are Jan Tarble and her parents, Newton and Pat,” Woodward said in a press release. “The contributions of the Tarble family have truly transformed our campus and institution.” (Source)

4) That’s the Carthage mission. It’s not a stodgy old saying recited at alumni banquets and presidential dinners. It’s a challenge. One that we put forth anew every single day. To our students. To our faculty and staff. To make this world a better place for all of us. (Source)

5) William Abt, who has managed Carthage’s historic financial, investment, and operational growth over the past 14 years, will retire as senior vice president for administration and business on June 30, 2015.

After a 40-year career in management, he plans to spend more time with family. He and his wife, Julie, also are eager to free up more time to devote to social and community initiatives.

Carthage will continue to rely on his expertise. At the request of President Gregory Woodward and the Board of Trustees, Mr. Abt has agreed to continue as the College’s chief investment officer.

In that role, he has overseen investment returns that have boosted the endowment by 200 percent since the low point of the recession in 2009. Resisting the allure of hedge funds and other alternative investments, Carthage’s portfolio has outperformed that of its peers by a wide margin in the past three years. (Source)

Portfolio Insights:“Muskingum University (“University”) is a private not-for-profit educational institution. The University’s endowment consists of mutual funds held primarily at Vanguard Investment Services, as well as, hedge and private equity funds held with other investment managers. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by applicable standards, net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) Muskingum University has an operating budget of approximately 50 million dollars each year. Undergraduate students pay approximately $24,000 for tuition which only covers about 75 percent of that operational cost. The university makes up for the gap with “private gifts and grants”, the “Annual Fund” which is provided by alumni donations, and the “endowment draw”.

According to Vice President for Business and Finance James Wilson, Muskingum University has a large endowment considering the size of the institution, but they aim to keep it that way by drawing only what they need.

“You don’t want to set your draw percentage too high so that you’re stealing from future generations, it’s what they call intergenerational equity,” said Wilson. (Source)

2) The mission of Muskingum University is to offer quality academic programs in the liberal arts and sciences in the setting of a residential, coeducational, church-related college and in the context of a caring community where individual fulfillment is encouraged and human dignity is respected. Its primary purpose is to develop—intellectually, spiritually, socially and physically—whole persons, by fostering critical thinking, positive action, ethical sensitivity and spiritual growth, so that they may lead vocationally productive, personally satisfying and socially responsible lives.

Muskingum University, located in east-central Ohio, is easily accessible by major east-west and north-south highways. The village of New Concord, Muskingum’s home town, is located on US 22 and 40, along Interstate 70, 115 miles west of Pittsburgh and 70 miles east of Columbus. US Interstates 77 and 70 intersect ten miles east of New Concord near Cambridge; Zanesville is sixteen miles to the west. (Source)

3) Dr. Anne Steele, the 2015 Remarkable Woman of the Present, became the 20th president of Muskingum University Jan. 1, 2000. She was selected for the office that in Muskingum’s 163 years had been held only by men.

Since Steele’s arrival on the Muskingum campus, her vision to improve and increase the availability of a college education to potential students has produced a dramatic change in the overall design of the campus to provide venues for new and improved courses of study.

“Three things I want you to know about Anne Steele,” said Sanford. “She is an analytical visionary with the ability to anticipate, determine and respond, and have the resources to complete any project she begins.” (Source)

4) Muskingum University has announced a new major in petroleum geology, adding to current majors in geology, environmental science, conservation science and earth science. Muskingum also offers minors in earth science and geology.

“Graduates of this new program will be needed to fill jobs within the growing oil and gas industry or in governmental agencies,” said Dr. Stephen R.Van Horn, associate professor of geology at Muskingum. Graduates might also choose to pursue a graduate degree, Dr. Van Horn explained.

The new major builds upon the strengths of Muskingum’s current geology department. Courses in Introduction to Well Logging, Sedimentary Petrology, Petroleum Geology and Subsurface Geology have been added to the existing curriculum to create this new academic offering.

The U.S. Bureau of Labor Statistics indicates that employment for geoscientists is projected to grow 16 percent from 2012 to 2022, faster than the average for all occupations. “The need for energy, environmental protection and responsible land and resource management is projected to spur demand for geoscientists in the future,” according to the Bureau’s Occupational Outlook Handbook. (Source)

5) Muskingum University hosted an educational conference for teachers and the greater community on Friday at the Pritchard Laughlin Civic Center in Cambridge.

At the event, the keynote speaker related neuroscience research to the different ways children learn in a classroom .

“The field that I work with is a thing called differentiation instruction,” said Dr. Carol Ann Tomlinson. It talks about how to think about different needs kids might need in a classroom at the same time and how to be able to structure class so different kinds of kids keep growing from their starting point.”

More than 400 prospective teachers, educators and community members came to hear Tomlinson speak . Tomlinson is an author of more than 200 books and many of her works are used as teaching tools at Muskingum University. (Source)

Portfolio Insights:“Capital University (“the University”), a privately endowed educational institution, derives its income from student tuition and fees, investments, gifts and grants, operation of residence and dining halls, and various related activities.

The University’s endowment primarily consists of funds held at Deutsche Bank. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. In addition, the endowment also includes beneficial interests in perpetual trusts.” (Source)

1) Denvy A. Bowman, Ph.D., was named the 15th president of Capital University in March 2007 following a 10-month term as interim president. As president, Dr. Bowman has provided strong, collaborative leadership and garnered the trust and respect of students, the faculty, his senior administrative team and the Board of Trustees, infusing transparency into all University operations.

During his tenure, Capital has enjoyed consecutive, multimillion-dollar operating surpluses, record-level giving from an engaged and growing alumni and friend base, historic highs in new and returning student enrollment, and significant reinvestment in improving campus safety and modernizing classrooms, residence halls and technology.

As a result of his emphasis on strategic enrollment management, Capital’s incoming students are more diverse and better prepared academically, and student retention has improved, reversing a multiyear trend of decline. Capital also completed a comprehensive strategic plan, Our Focus, Our Future, spearheaded by Dr. Bowman, charting a new course for a bold and compelling future. (Source)

2) Capital University is a comprehensive, independent university, grounded in the Lutheran tradition. It offers diverse undergraduate and graduate programs in the arts, sciences and professions. It emphasizes excellence in teaching in a personalized, student-centered environment of robust academic challenge. It is committed to using multiple approaches to intellectual development to serve the lifelong learning of a heterogeneous population. It seeks to prepare individuals to live holistic lives of leadership and service. (Source)

3) Dr. Richard M. Ashbrook has been appointed provost and vice president of academic affairs at Capital University. Ashbrook, a professor of psychology, has served since January as acting provost and vice president of academic affairs.

He has been on the faculty of Capital since 1986, serving in a variety of roles, including chair of the behavioral science department and acting dean of adult learning. Ashbrook has been active in faculty governance, serving as a member and past chair of the faculty senate and the faculty evaluation committee.

He holds a bachelor of science degree in behavior sciences from the University of Maryland; master’s and doctoral degrees in clinical psychology from Ohio State University; and a master of fine arts degree in creative writing, also from OSU.

Ashbrook is a member and past chair of the Ohio Psychological Association Ethics Committee, and a past president of the Central Ohio Psychological Association. (Source)

4) Capital University has announced its president’s, provost’s and dean’s lists for spring semester. To be named to the president’s list, students must achieve a grade point average of at least 3.85.

The following area students achieving this honor were Bailey Higgins of Caledonia, Charles Kimerline of Galion and Amanda Rausch of Richwood. To be named to the provost’s list, students must have achieved a grade point average of at least 3.7 during spring semester.

The following area students achieving this honor were Andrew Kimerline of Galion, Emma Kocher of Bucyrus and Daniel Newell of Upper Sandusky. To be named to dean’s list, students must have achieved a grade point average of at least 3.5 during spring semester.

The following area students achieving this honor were Peyton Beachy of Galion, Taylor Conway of Upper Sandusky, Scott Lover of Cardington, Caleb Miller of Mount Gilead, Bailey Schott of Bucyrus and Emily Schaub of Kenton. (Source)

5) The Internal Revenue Service has ruled that Capital University is a tax-exempt educational institution under §501(a) of the Internal Revenue Code as an organization described in §501 (c)(3). Generally accepted accounting principles prescribes recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits will be recognized only if a tax position is more-likely-than-not sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely being realized on examination. For tax positions not meeting the more-likely than-not test, no tax benefit will be recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at June 30, 2010. (Source)

Portfolio Insights:“Monmouth University (the University) is a private, comprehensive institution of higher learning at the undergraduate and graduate levels committed to service in the public interest and to the enhancement of the quality of life. The University’s endowment consists of approximately 210 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments.

The objective of the endowment fund investments is to achieve long-term capital appreciation within prudent risk restraints. Endowment funds may be invested in equity and fixed income mutual funds, commodities, real estate and alternative investment strategies including hedge, private equity, and distressed debt.” (Source)

1) Dr. Paul R. Brown, a respected academic leader and renowned scholar, became the eighth president of Monmouth University on August 1, 2013.

Prior to his appointment at Monmouth, Dr. Brown served as dean of the College of Business and Economics at Lehigh University from 2007 to 2013. Under Dr. Brown’s leadership, the College of Business and Economics completed a transformative and wide-sweeping Strategic Plan. Dr. Brown also managed historically high levels of enrollment in both undergraduate and graduate programs and recruited and hired faculty at an unprecedented pace. During his time at Lehigh, he raised over $40 million in unrestricted funds and for endowed faculty chairs.

Before joining Lehigh, Dr. Brown spent over twenty years at New York University’s Stern School of Business where he held a variety of senior academic and administrative positions at both the school and university level. He served as the associate dean of NYU Stern’s executive MBA Programs, and prior to that served as chair of the Department of Accounting, Taxation and Business Law. He led many curriculum and programmatic strategic initiatives and reviews at both the department and school level during his tenure at NYU Stern. (Source)

2) Laura J. Moriarty, a prominent criminal justice scholar with long experience leading academic programs, has been named provost and vice president of Academic Affairs at Monmouth University, effective September 2, President Paul R. Brown announced Thursday.

Dr. Moriarty joins Monmouth University from her post as a tenured professor and vice provost for Academic and Faculty Affairs at Virginia Commonwealth University (VCU), a public research university serving more than 30,000 students. She will succeed Dr. Thomas Pearson, who is stepping down on August 29 after 22 years in the position.

“I am thrilled to accept the position of provost at Monmouth University,” Moriarty said. “I am eager to implement President Brown’s vision for academic excellence with the help of the extraordinary talent that exists across so many areas of the campus community.” (Source)

3) Officials representing Monmouth University and West Long Branch recently got a closer look at the new borough fire truck at the university.

Monmouth University and West Long Branch are sharing the cost of the $500,000 truck. The university has committed $250,000 in payments of $25,000 each year over the next ten years to help the borough pay for the truck.

The truck was specifically designed to be able to navigate through some narrow passageways on the Monmouth University campus so it can serve the university and the borough.

West Long Branch Mayor Janet Tucci, Councilman Fred Migliaccio, Councilman Chris Neyhart, Councilman Steve Cioffi, Councilman Jose Villa, Councilwoman Barbara Ruane and members of the West Long Branch Fire Department came to the campus on June 27 to show off the truck. (Source)

4) New Jersey students, generally known for their academic qualities, also earn high marks in generosity. Students in two N.J. counties collected a record 71,148 pounds of food and over $18,000 in the The FoodBank of Monmouth and Ocean Counties’ 7th annual Holiday Hunger Challenge.

“What a tremendous amount of food, and at a time when the need is most sorely felt,” FoodBank Executive Director Carlos Rodriguez said. “It is a pleasure to see students represented here for their tremendous success.”

The FoodBank honored students, teachers and administrators from dozens of schools in Monmouth and Ocean Counties on Wednesday afternoon for their efforts to help feed the hungry during the holiday season. Nina Siciliano, one half of the morning radio duo “Pork Roll and Eggs,” congratulated the students. (Source)

5) Monmouth University is a tax exempt organization located in West Long Branch, New Jersey. Donations to Monmouth University are tax deductible. This organization has been in operation for 56 years, which makes it significantly older than other nonprofits in the state. Monmouth University has significantly larger assets when compared to other nonprofits in New Jersey. This organization last reported to the IRS significantly more income than average compared to other nonprofits in New Jersey. (Source)

Portfolio Insights:“The purpose of the Missouri State University Foundation (the “Foundation”), previously Southwest Missouri State University Foundation, is to be the legal vehicle to receive, manage and distribute all private gifts, restricted and unrestricted, for the benefit of Missouri State University (the “University”), or its successors, or any institution of higher learning with which it may merge.

The Foundation’s endowment consists of approximately 970 individual funds established for a variety of purposes. The endowment includes both donor-restricted endowment funds and funds designated by the governing body to function as endowments (board designated endowment funds). As required by accounting principles generally accepted in the United States of America (GAAP), net assets associated with endowment funds, including board-designated endowment funds, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) As perpetual gifts, endowed funds provide a link between past, present, and future generations. The income from endowed funds is vital to Missouri State University’s ability to educate students and discover and disseminate new knowledge for the betterment of our world. The level of participation of alumni and friends speaks volumes to the pride you feel while also strengthening the University. We are fortunate the Foundation invests for the long term and that your funds will last into perpetuity for the benefit of generations of students to come. We strive to steward your contributions in a manner that benefits your generosity. (Source)

2) The money is invested in the Missouri State University Foundation, and the earnings are used to help fund scholarships. This occurs annually and in perpetuity, giving the donors a lasting legacy of support for the program,” Lunday explained.

To date, there are 40 named scholarships, some of which are fully endowed and others that are maturing or restricted, Lunday said. All, however, go toward ensuring that student athletes receive the best education possible at Missouri State-West Plains, which is the thrust of the program, he stressed.

“Through the enthusiastic vision of early supporters, a foundation has been laid that, if finished, will ensure the funding security of Grizzly Athletics at Missouri State-West Plains from now on. It will take great effort, but who would have thought we could have come as far as we already have,” Lunday said.

One unique endowment opportunity is the Grizzly Commemorative Endowment, Lunday said. Area residents may contribute any amount to this fund in memory of or in honor of individuals they would like to recognize. The current market value of this particular fund exceeds $16,000, he said. (Source)

3) Greg Onstot, vice president for University Advancement and executive director of the Missouri State University Foundation, confirmed that the $25 million commitment is by far the largest single gift ever made to the University and its foundation.

“I wanted the University to be able to build a facility that would live up to its new name, that would be a magnet for Springfield, and that would make all of us proud,” said Hammons. “I hope this gift helps make that happen and encourages others to invest in the University as well. Missouri State has big aspirations, and I want JQH Arena to be an important part of its future development.”

Missouri State hopes to raise at least $5 million in cash to add to the $5 million provided by Hammons. The University will then issue approximately $50 million in bonds. Hammons will pay the debt service on the remaining $20 million he has committed; the University will pay the balance. (Source)

4) The Missouri State University Foundation received gifts valued at $8 million. A gift from Bobby Allison will support recreational facilities improvements currently underway at the school; Betty Jeanne Wood Turoff donated 157 acres of timbered land in Greene County to the Darr School of Agriculture; the Jack E. Weimer family made a gift to the Betty and Bobby Allison South Stadium; a gift from the Rosemary Witt estate benefits three funds in the College of Arts and Letters; the Virginia Cox Bussey estate supported the Virginia C. Bussey Scholarship in Music and Musical Theatre; Mike and Karen Hanover funded the Hanover Scholarship for Mathematics; and a donation from Vicki Spoonhour will endow men’s basketball scholarships. (Source)

5) Steve Foucart, interim chief financial officer at Missouri State University for the past year, was named permanent CFO at the university. He begins his duties April 1. Foucart’s appointment was approved by the Board of Governors Executive Committee during a meeting Wednesday and will be ratified by the full Board May 16. Missouri State President Clifton M. Smart III recommended Foucart for the position after a national search was completed. Foucart’s annual salary will be $128,000.

Other responsibilities include the accounting and investing of the Missouri State University Foundation and the Missouri State University Development Corporation. The CFO also serves as the treasurer of the Board of Governors. (Source)

Portfolio Insights:“New York Medical College (the College), a member of the Touro College and University System, is a health sciences university whose enrollment approximates 1440 students. The College is committed to educating individuals for careers in the medical, science, and health professions. The College’s endowment consists of approximately 102 individual funds established for a variety of purposes. The endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments.

Credit funds consist of investments in assets such as distressed and current pay bonds and bank debt, mortgage-backed securities, both residential and commercial, as well as post re-organization equity liquidations. Multi-strategy funds consist of investments in multiple investment strategies including but not limited to hedged equity, event driven, and diversified hedge.” (Source)

1) The College was founded in 1860 by a group of New York City civic leaders led by the noted poet, editor and orator William Cullen Bryant, who was concerned with the primitive conditions of hospitals and medical education at that time.

Located in Westchester County, New York, the College is chartered by the Regents of the State of New York and accredited by the Middle States Association of Colleges and Secondary Schools, the Council on Education in Public Health (CEPH), the American Speech-Language Hearing Association (ASHA), the Commission on Accreditation in Physical Therapy Education (CAPTE), the Liaison Committee on Medical Education (LCME), and the Commission on Dental Accreditation of the American Dental Association.

New York Medical College joined the Touro College and University System in May 2011, creating one of the United States’ largest biomedical higher education consortiums under one institutional banner. Presently, New York Medical College has more than 1,400 students, 1,338 residents and clinical fellows, more than 3,000 faculty members, and 12,706 living alumni. (Source)

2) Alan Kadish, M.D. became president of New York Medical College in May, 2011, when the College joined with the Touro College and University System, creating one of the largest affiliations of medical and health education and biological studies programs under one institutional banner. Dr. Kadish concurrently serves as president and chief executive officer of the Touro College and University System. Chartered in 1970, Touro has grown to become the largest Jewish-sponsored educational institution in the United States, educating approximately 19,000 students at 32 locations throughout the world.

Alan Kadish was born in Brooklyn, raised in Queens and educated in yeshivas in New York. He received his M.D. degree from the Albert Einstein College of Medicine at Yeshiva University and his postdoctoral medical training at the Brigham and Women’s Hospital, an affiliate of Harvard Medical School, and at the Hospital of the University of Pennsylvania, where he was a fellow in cardiology. He is board certified in internal medicine, cardiovascular disease and cardiac electrophysiology. (Source)

3) Born and raised in Somerville, N.J., Edward C. Halperin graduated from Somerville High School. He received a B.S. in Economics, Summa Cum Laude, from The Wharton School of the University of Pennsylvania, his M.D., Cum Laude, from Yale University, and an M.A. from Duke University. He completed his internship in internal medicine at Stanford University and his residency and chief residency at Harvard Medical School/Massachusetts General Hospital.

Dr. Halperin was on the faculty at Duke University for 23 years, where he rose to become professor and chairman of the Department of Radiation Oncology, vice dean of the School of Medicine and associate vice chancellor. He held two endowed professorships, served as chairman of the Finance and Audit Committee of the faculty practice plan, was chair of the endowed professors committee and was a member of the promotion and tenure committee, the faculty senate and elected member of the senate’s executive committee. He was named a fellow of the American Council on Education and spent a sabbatical devoted to understanding the work of a university president and provost, serving as an administrative intern to two presidents and two provosts. (Source)

4) Jan 3, 2010 – Today is an auspicious day for Touro College. At a reception at the Bryant Park Grill, President Alan Kadish, MD, announced that the New York Medical College will be joining the Touro College and Touro University family of institutions. With this new school, Touro College now educates over 2,500 medical students. These medical students are steeped within rich traditions of osteopathic and allopathic medicine.

This is particularly important because this acquisition allowed Touro College to be true to its mission. New York Medical College needed to affiliate with a major college and university system in order to continue into the future. Recognizing the value to medical education and service, allied health education, and medical research, Touro stepped in so that a valuable asset to society can continue. Through this action, Touro College will be able to help New York Medical College continue to meet society’s needs while expanding the scope and depth of the already rich offerings of our colleges. (Source)

5) Good Samaritan Regional Medical Center will be a teaching site for New York Medical College’s health sciences education programs in a new academic affiliation announced on Thursday by the school in Valhalla and hospital in Suffern. The 286-bed Rockland County hospital is one of three hospitals in the Bon Secours Charity Health System in the lower Hudson Valley.

The institutional partners said they will start a clerkship program at the hospital for the training and education of the Westchester school’s undergraduate medical students on rotations in pediatrics, obstetrics/gynecology, neurology and other disciplines.

Noting there are many New York Medical College alumni on the Good Samaritan medical staff, Dr. Edward C. Halperin, the college’s chancellor and CEO, said the partnership “presents a unique opportunity to continue our common mission to provide the highest caliber of care to those we serve and the best possible medical education to those we teach.” (Source)

Assets Under Management: $118.3 Million (Source: James Madison University Foundation, Inc. on 6/30/2014)

Annual Report: James Madison University For the Year Ended June 30, 2014

Portfolio Insights:“The James Madison University Foundation, Inc. is included as a component unit in the University’s financial statements. The Foundation was formed to promote the achievements and further the aims and purposes of the University. The Foundation accomplishes its purposes through fundraising and funds management efforts that benefit the University and its programs. Donations to the foundation earmarked for athletics operations or capital projects are not included in the Schedule, nor is endowment financial activity related to athletics.

The Commonwealth’s Appropriation Act requires that educational and general programs in institutions of higher education recover the full indirect cost of auxiliary enterprise programs. University assesses each auxiliary unit an indirect charge to recover institutional educational and general administrative overhead costs.” (Source)

Top James Madison University Foundation, Inc. Endowment Fund Headlines:

1) The James Madison University Foundation will mark the 50th anniversary of its founding in 2019, and the board has set an ambitious and necessary goal of attaining a $100 million endowment by that occasion. Since its establishment during Dr. Ronald Carrier’s presidency, the foundation has grown significantly. In the last 10 years, the foundation’s endowment fund has grown from $29.6 million to $78.4 million as of June 30, 2014. Endowments support JMU in a variety of ways. Last year, 60 percent of the endowments supported student scholarships. The remaining percentage of endowments went to fellowships, professorships and chairs (14 percent), academic support (13 percent), unrestricted (11 percent) and other (2 percent). The JMU Foundation Endowment comprises many separate endowment funds. Each endowment fund comes with its own criteria about how the income is to be used and for what purpose. (Source)

2) The JMU Foundation has assumed the role of “champion of the endowment” on behalf of JMU. Warren Coleman (’79, ’81M), chair of the foundation’s development committee, made the announcement at the 2014 Annual Stewardship Luncheon on March 21. “Universities that achieve their dreams have active, vital and visible foundations advocating on their behalf,” he said.

Coleman told JMU leaders and investors attending the luncheon to expect a more visible and active partnership with the university. “In fact,” Coleman said, “we plan to help reach the $100 million endowment mark by 2019, the year of the foundation’s 50th anniversary. As of Dec. 31, the endowment was $74 million so we have high goals of increasing this by 33 percent.”

The foundation officers and board of directors plan to play a leadership role in support of private fundraising efforts and ultimately to provide an ever-growing and sustainable source of private support for JMU.

An active alumnus and athletics scholarship donor, Coleman described the importance of its new-found advocacy. “As all of us here in this room recognize, the financing of higher education has changed forever. Gone are the days when we could rely exclusively on state support. Many of today’s “mature” alums left Madison during those years when the state provided funding and thus left not realizing how important it would be for them to ‘give back or pay it forward.’” (Source)

3) In his 1999 inaugural speech, President Linwood H. Rose called private support “imperative.” Three years later the Madison Century — JMU’s first comprehensive capital campaign — began. Through the six-year campaign that ended on JMU’s Centennial anniversary celebration in 2008, a total of $70 million — $20 million over goal — was committed through contributions from 32,900 donors. Of that, $54 million went to support academic programs, fellowships and scholarships, while $15 million went to support the intercollegiate athletics program.

The Madison For Keeps temporary emergency fundraising effort raised $432,178 from 3,963 donors in 2010 to help 108 students stay in school through the economic downturn. It was so successful that the Office of Annual Giving has established Madison Forever, a permanent and proactive way to help students.

Thirty-six percent of JMU employees believe in the university so deeply that they make a charitable gift to Madison. That’s an increase from 15 percent in 2005.

Today the size of JMU’s endowment has risen to almost $56 million, up from $22 million 14 years ago. And donors have helped raise to $1.2 million the total scholarship dollars awarded annually, up from $467,577 when the Rose presidency began. (Source)

4) On July 1, 2012, Jonathan R. Alger became president of James Madison University, the sixth since the university’s founding in 1908. Alger’s appointment was announced by the JMU Board of Visitors on Nov. 28, 2011.

President Alger serves as JMU’s chief executive officer. In addition to ensuring the development and provision of high quality academic and student life programs, his leadership involves developing and articulating a shared vision and mission for the university, anticipating trends and issues affecting higher education, providing strategic institutional leadership and planning, and ensuring sound fiscal management. These responsibilities inform the president as he oversees an executive team and management structure to lead and manage education, student life, facilities and services, financial management, health and safety, planning, fundraising, constituent development and stewardship, and athletics.

Alger plays a very public role in the life of JMU, as he represents JMU to the government of the Commonwealth of Virginia, presides at university events, serves as the principal voice of the institution, participates in fundraising and stewards JMU’s many relationships. The new president conducted an extensive listening tour that took him around the country to hear from JMU’s alumni and friends. (Source)

5) SunTrust Bank announced Monday it will contribute $100,000 to James Madison University toward construction of the university’s new Robert and Frances Plecker Athletic Performance Center.

The center, which is currently under construction, is located on the south end of Bridgeforth Stadium. It is expected to be completed in 2005.

“SunTrust is very pleased to give its support to James Madison University,” said Harrisonburg SunTrust President Martha Shifflett. “The JMU athletic program is a great asset to JMU, the community and the state.”

Shifflett said that “the athletic performance center is a most worthwhile cause. This new facility will greatly enhance not only the JMU athletic program but also the broader mission of the university.”

The 48,000-square-foot center will provide an academic support area for student-athletes in each of JMU’s 28 intercollegiate sports, a sports-medicine complex, a strength-training area, a new football locker room, meeting rooms and coaches’ offices. The academic support area is named for Challace McMillin, JMU’s first football coach and a retired faculty member at the university.
(Source)

Portfolio Insights:“Cornell College is a nationally ranked, highly selective liberal arts college of 1,100 students characterized by life-changing academic immersion in the One Course At A Time curriculum. Alternative investments, such as private equity, absolute return hedge funds, real estate investment trusts, and natural resource funds consist primarily of investments that are not readily marketable. Investments in these categories are valued utilizing the most current information provided by the general partner or manager of the fund.

The College’s Endowment Fund consists of various donor restricted endowment funds and funds designated as quasi-endowment by the Board of Trustees. Net assets associated with endowment funds, including funds designated to function as endowment funds, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) A $2 million planned gift from Cornell alumna Jean Russell will create an endowed faculty chair at Cornell College and support other campus priorities. Russell graduated from Cornell College in 1965 and worked at Washington University in St. Louis in the Department of Medicine, the School of Dental Medicine, and the Division of Orthopedic Surgery.

“I view this as an opportunity to give back to Cornell a portion of what they gave me in education, experience and growth,” said Russell of Pentwater, Mich.

Russell earned her Ph.D. in biology from Rice University in 1971. From then until 1993, she worked at Washington University in St. Louis, Mo., teaching and researching. She contributed significant work to bone and calcium research and was able to extend many of the medical principles concerning growth and repair in the skeleton. (Source)

2) A $1 million gift from Cornell parent and life trustee Peter Paul Luce will expand and modernize Cornell College’s admission center. Luce, of Englewood, Colo., connected with Cornell when his daughter Lynn was drawn to Cornell’s One-Course-At-A-Time calendar. Luce served Cornell as a trustee when Lynn began at Cornell in 1989. He became a life trustee in 2003, and received honorary alum status in 1995 with his wife, Betsy.

“I’ve always been an admirer of One-Course-At-A-Time,” said Luce. “It’s not only the best innovation in higher education in a long time, it’s the only one.”

Luce’s patronage of Cornell College has long created extraordinary opportunities for Cornell, its students and prospective students. Starting in the 1990s, Luce personally flew high school counselors to visit Cornell on his twin engine prop jet. When Luce completed his three terms as a trustee, the son of Time Magazine founder Henry Luce was recognized by the Luce Foundation, which gave Cornell $1 million to fund and endow the Peter Paul Luce Gallery. (Source)

3) A $1.3 million living trust from an Iowa native will establish a Cornell College endowed scholarship fund for students who attended high school in and around Marshall County, Iowa.

John Lively, a 1955 Cornell graduate and longtime volunteer, said he wanted to give something back to Cornell College, and to others who knew the heart of central Iowa as he did.

“The spark for my idea came from a long-time banker, Fred Gilbert, in my hometown of State Center, Iowa, who, when he died, gave a scholarship to Cornell College,” said Lively. “Like him, I wanted to leave something to my alma mater, and to the town where I grew up.” (Source)

4) Mark Zinkula, Cornell College’s treasurer and chief financial officer since April 2006, has resigned from Cornell to become CEO of Legal and General Investment Management America (LGIMA), a subsidiary of a leading London-based asset management firm. Meanwhile, Brenda Tooley, vice president for academic affairs and dean of the college since July 2005, is on leave pursuing other opportunities. “We appreciate what both Mark and Bren have done for Cornell,” said Cornell President Les Garner. “Mark has done a wonderful job as chief financial officer and this is a terrific opportunity for him. Bren has brought a fresh and enthusiastic perspective to academics at Cornell and I wish her the best in her endeavors.” (Source)

5) Jonathan Brand became Cornell’s 15th president on July 1, 2011. Brand previously served as president of Doane College and as special assistant and counsel to the president at Grinnell College. He holds a law degree from Cornell University, a master’s degree in French literature from the University of Michigan, and a bachelor’s degree in history and French from the University of Wisconsin-Madison. (Source)

Portfolio Insights:“McMurry University is a tax exempt institution under section 501(c)(3) of the Internal Revenue Code and is not a “private foundation” under the Tax Reform Act of 1969; accordingly, no provision for taxes has been made in the financial statements.

Revenues are reported as increases in unrestricted net assets unless use of the related assets is limited by donor-imposed restrictions. Expenses are reported as decreases in unrestricted net assets.” (Source)

1) Dr. Sandra Harper, a native of Dallas, Texas, began serving as President of Our Lady of the Lake College in Baton Rouge, Louisiana in 2006. Prior to her presidential appointment, Harper served as the Provost and Vice President for Academic Affairs and Professor of Communication at Texas A&M University-Corpus Christi from 1998-2006. Harper’s other administrative posts included serving as the Vice President for Academic Affairs at Oklahoma City University and as the Dean of the College of Arts and Sciences at McMurry University in Abilene, Texas. Harper began her service at McMurry College in 1985 as an assistant professor of communication. During the next ten years, she was awarded tenure and rose through the academic ranks to professor of communication.

Harper received her B.S. degree from Texas Tech University and her M.S. and Ph.D. from the University of North Texas. Harper also completed the Harvard Management Development Program and the Governor’s Executive Development Program at the LBJ School of Public Affairs at The University of Texas. Dr. Harper is a member of the Board of Trustees of the Southern Association of Colleges and Schools (SACS) Commission on Colleges, the Executive Committee of the Louisiana Association of Independent Colleges and Universities, and the Louisiana Office of Student Financial Assistance Commission. (Source)

2) Paul Fabrizio brings a wealth of experience to McMurry. He was born and raised in Southern California and earned his undergraduate degree at the University of Southern California. Subsequently, he spent several years at St. John’s Major Seminary in Camarillo, California, as well as working for an automotive market researching company. He also served as an assistant manager with the U.S. Census Bureau in Baltimore, Maryland, for the 1990 census, before returning to academe to get his doctorate from Emory University in Atlanta. In addition to his administrative duties, Fabrizio also hosts an off campus radio talk show, “The Professors.” (Source)

3) McMurry University has increasingly gained a national reputation for excellence and value through the achievements of its faculty, students, and graduates. Approximately 1200 students attend the University, with students coming from 27 states and 12 countries. The University offers 7 undergraduate degrees in more than 19 departments and 45 majors, and it offers 1 master’s degree program in nursing.

The University has enjoyed significant growth and advancement in a number of areas in recent years. McMurry completed its largest campaign and made major improvements in campus life and learning facilities, including important improvements in science and a number of other disciplines. The University enjoys a more diverse student body and a stronger commitment to both the intellectual and spiritual life of its students.

University endowment has reached almost $68 million dollars. An important part of that endowment is the $7.7 million raised especially in support of student scholarships during its recent Shaping the Future campaign. The University’s operating budget is at the level of $30 million, and its net assets total approximately $86 million. Founded in 1923, and having a continuing relationship with The United Methodist Church, the University is located on a beautiful 43 acre campus in an urban setting of some 120,000. (Source)

4) Founded in 1923 as a United Methodist institution, McMurry University is a vibrant and comprehensive center of undergraduate education. McMurry has a national reputation for excellence and value through the achievements of its faculty, students and graduates. The University enrolls more than 1,200 students in six schools – Arts and Letters, Business, Natural and Computational Sciences, Education, Nursing, and Social Sciences and Religion. Our beautiful campus is located on 52 acres in Abilene, Texas, a city of over 118,000 friendly people.

Offering a diverse academic curriculum students can choose from 45 majors as well as our pre-professional programs in medicine, dentistry, engineering, law, pharmacy, physical therapy and others. The three-week May Term gives students an opportunity to explore a subject outside their major, and the Servant Leadership Program teaches students about ethics and helps develop leadership qualities. (Source)

5) Rev. Bill Libby, adjunct professor of religion and history at McMurry University, has donated his 140-acre ranch southeast of Abilene to McMurry as a field research station for use by biology science students and faculty.

Nicknamed Firebase Libby in honor of Rev. Libby’s service as a United Methodist chaplain with the 101st Airborne during the Vietnam War, the ranch will provide a venue where ecological and physical monitoring can occur, resulting in longitudinal datasets that may reveal noteworthy patterns.

“Patterns only reveal themselves when data is regularly collected. In many instances, this data collection is monotonous and uncharismatic. Yet without this data, the bigger picture fails to come into focus,” said Dr. Joel Brant, associate professor of biology at McMurry. “McMurry students will benefit from the real world, hands-on experience of collecting this essential data, better equipping them for post-graduate opportunities.” (Source)

Portfolio Insights:“Marietta College (the College) is a privately endowed educational institution, derives its income from student tuition and fees, investments, gifts and grants, operation of residence and dining halls and various related activities.

The College endowments consists of assets which are separately invested to provide income to support education and related activities, either as a result of donor imposed restrictions or as a result of designation by the Board of Trustees. Endowment contributions are generally invested on a pooled basis and managed so as to achieve maximum long-term total return.” (Source)

1) The Paul Fulton Memorial Award Fund is an endowment established at Marietta College by members of the Southeastern Ohio Oil and Gas Association and friends of the late Paul Fulton. Paul Fulton was the owner of the Rampp Company in Marietta and a longtime member of the Southeastern Ohio Oil and Gas Association.

The Paul Fulton Memorial Award Fund provides grant support for student research or studies of particular interest to the oil and gas industry in Southeastern Ohio. Generally, four research grant awards of $500 each are made annually to Marietta College students majoring in Petroleum Engineering or Geology. Grant funds are to be used for expenses associated with the research project. The grants are awarded directly to the student recipients and are not included in other college scholarships or financial aid.

Interested students should submit a 250 word synopsis and outline of a proposed research project or study which will result in a research paper. The proposed project should focus on the use of a process, procedure, study or analysis of reservoir data, production data or geologic conditions in the Appalachian Basin which would be of special interest to the oil and gas industry in Southeastern Ohio or closely related geographic regions. (Source)

2) President Dr. Joseph W. Bruno, a native of Chicago, became Marietta College’s 18th president on July 1, 2012, after 28 years in faculty and administrative roles at Wesleyan University in Middletown, Conn.

Dr. Bruno joined the Wesleyan faculty in 1984 and served in different leadership roles, including the Chair of the Chemistry Department, Dean of Natural Sciences and Mathematics, President of the university’s Gamma of Connecticut chapter of Phi Beta Kappa, and Provost and Vice President for Academic Affairs. He also served as Faculty Chair of the Tenure and Promotion Committee, led ongoing strategic planning for the university and, with the Chief Financial Officer, was an advisor to the Wesleyan’s President on all budgetary matters.

While at Wesleyan, he taught introductory chemistry, organic chemistry, advanced electives in inorganic and organometallic chemistry, and several levels of laboratory courses. He also developed an organometallic chemistry research program and authored about 60 publications and patents, most of which were coauthored with students he mentored in his lab. (Source)

3) Karyn Sproles, a native of Virginia, joined Marietta College on July 1, 2013. She directs all functions related to undergraduate and graduate studies, the faculty, and the overall direction of the academic programs. In addition to sitting on the Cabinet, she oversees the Office of Academic Affairs, which includes: Academic Grants, the Academic Resource Center, the Career Center, Education Abroad, the Hartel Program, the Honors Program, the Investigative Studies Program, the Legacy Library, the Records Office, and the Worthington Center for Teaching Excellence. As Provost and Dean of the Faculty, leadership of the College falls to Dr. Sproles in the absence of the President.

Prior to joining Marietta College, Dr. Sproles was the Dean of the College of Arts and Sciences at Carlow University (2010-13), Director of Faculty Development at the University of Southern Indiana (2007-2010), Associate Dean for University Studies at James Madison University (1997-2007), and Chair of the English Department and Director of Women’s Studies at Hamline University (1987-97). (Source)

4) Lori Lewis joined Marietta College in July of 2005. She directs all functions related to alumni programs, prospect development, fund raising, college relations and the overall advancement of the institution’s mission.

Prior to joining Marietta College, Lewis directed the strategic planning, and implementing and executing the management of the fund raising and alumni relations efforts for the College of Engineering at Virginia Tech – the state’s leading engineering college, which consists of a dozen departments with some 300 faculty, 5,500 undergraduate majors and 2,000 graduate students.

Before accepting the position at Marietta College, Lewis raised more than $30 million of a $129 million campaign goal in the first 22 months of the silent phase. In addition she was appointed the lead Director of the fund-raising effort for an $85 million university initiative, the Institute for Critical Technology and Applied Science. (Source)

5) Decades after Dr. Jean A. Scott has left Marietta College, her endearing spirit will remain relevant on campus. Multiple gifts from alumni, faculty, staff and friends of Marietta College totaling $3 million have helped establish the Jean A. Scott Endowment, which will go toward supplementing faculty salaries and provide annual staff awards. The endowment was announced during Friday night’s Erwin Academy Dinner, which also provided the College an opportunity to celebrate Dr. Scott’s 12 remarkable years as Marietta College’s president.

“I am deeply moved by the generosity of our donors who have provided this endowment in my honor,” says Scott, whose final day will be June 22. “It has been such a pleasure over the past 12 years to work with the men and women who have dedicated their careers to the honorable work of education and have chosen to be part of the Marietta College community. (Source)

Portfolio Insights:“The University of Southern Mississippi Foundation ( the Foundation) is a not-for-profit entity organized under the laws of the State of Mississippi to provide support to The University of Southern Mississippi (the University) and its students. The Foundation’s investments are held in various types of investment securities across a variety of markets. Investment securities are exposed to several risks, such as interest rate, market and credit risks.

At June 30, 2014, the Foundation has 838 individual funds which function as endowment funds that are established for a variety of purposes to support the University. The endowment funds include both donor-restricted endowment funds and funds designated by the Foundation’s Board of Directors to function as endowments.”(Source)

Top University of Southern Mississippi Foundation Endowment Fund Headlines:

1) In celebration of its 90th anniversary, Mississippi Export Railroad Company has established the Mississippi Export Railroad Gulf Coast Scholarship Endowment with a gift of $50,000 to the University of Southern Mississippi Foundation.

“Moss Point, Miss., has been the home of Mississippi Export Railroad for 90 years,” said Greg Luce, president and chairman of the board at Mississippi Export Railroad and member of the Southern Miss class of 1966. “In recognition of our anniversary, we wanted to give back to the coastal community by offering financial assistance to those pursuing a higher education.

“The University of Southern Mississippi Gulf Coast has specific needs for their students, and we have a desire to help them grow and succeed as a premier research university of the Gulf South. We are very excited about the partnership.” (Source)

2) The Hattiesburg resident joined the University of Southern Mississippi Foundation and started donating to the general scholarship fund.

“I decided that someone else may need a chance for a better opportunity,” said Holloway, an eight-year employee who works in the Trent Lott Center. “I wasn’t going to college, but I felt if I could help a student in need, it would be pleasing to the Lord.”

That was nearly two years ago, and Holloway is still giving. In fact, she plans to increase her donations in 2015.

She is among the more than 970 employees 40 percent of USM’s 2,400 faculty and staff who are giving $183,524 to the university for Fiscal Year 2014 through donations to the foundation. (Source)

3) During a reception honoring Karnes, Shannon Fleming, executive director of the University of Southern Mississippi Foundation, announced an anonymous donor has agreed to match all new gifts up to $250,000 to help fully fund the endowment.

“This is very important to gifted education,” said Karnes during the event held at the Ogletree House. “The interest on these funds can provide scholarships for teachers, gifted children and graduate students.”

The founder of the Frances A. Karnes Center for Gifted Studies said Mississippi has been one of the leaders in the United States in gifted education — adding exceptional students everywhere need to be taught on their level. (Source)

4) Stace Mercier joined the USM Foundation in 2003 as a part-time accountant and has served in various roles including the project manager to implement Blackbaud’s The Raisers Edge and The Financial Edge systems, interim advancement services director and her current position, CFO. As the CFO, Mercier’s responsibilities include management of financial accounting and reporting, investments, budget development and internal controls. She oversees the accounting system and all financial data for the foundation and is the staff liaison for the Finance and Audit Committee and the Investment Committee of the Foundation Board of Directors.

A two-time graduate of Southern Miss, Mercier has a bachelor’s degree in business administration in accountancy and a master’s degree in professional accountancy. She is a member of the American Institute of Certified Public Accountants and the Mississippi Society of Certified Public Accountants. (Source)

5) Generating $15,560,117 during fiscal year 2013-14, The University of Southern Mississippi Foundation reports its second highest fundraising total in gifts and pledges received during a single fiscal year. This represents an 82 percent increase over the amount raised last year.

This year’s giving total is a testament to the loyalty and commitment of the alumni and friends of Southern Miss,” said Shannon Fleming, executive director of the USM Foundation. “We depend on private support to maintain and increase a margin of excellence that must be in place as we continue to offer a quality education for our students. The message we want all our donors to hear is that their generous gifts are changing lives for the better.”

These successes come during Dr. Rodney D. Bennett’s first complete year as president of The University of Southern Mississippi.

“Perhaps the most exciting aspect of our second-highest year ever is the fact that it came during Dr. Bennett’s first full year as president of the University,” said Bob Pierce, vice president for university advancement. “I believe this level of contributions is a strong endorsement of his presidency and the course he has charted for Southern Miss.” (Source)

Portfolio Insights:“ASI contracts with the California Public Employees’ Retirement System plan (CalPERS) to provide substantially all regular full-time employees of ASI retirement and disability benefits, annual cost-of-living adjustments, and death benefits which are paid by the State of California. CalPERS acts as a common investment and administrative agent for participating public entities and ASI is grouped with other entities with similar benefits in the same cost-sharing plan.” (Source)

1) The Kellogg Legacy Project Endowment has awarded nearly $1.6 million in grants to 25 campus programs to strengthen academics, support current and incoming students, aid faculty in teaching and research, and continue building relationships with the community.

The $40 million endowment, which was established by a gift from the W.K. Kellogg Foundation in 2010, is particularly focused on reaching and serving historically underrepresented students, including first-generation college students and military veterans.

Six grants were awarded for the 2010-11 academic year, and 19 programs received funding in the spring for the 2011-12 year. The programs comprise various facets of the university, from Renaissance Scholars to raising diversity in STEM fields to supporting veteran students. (Source)

2) Cal Poly Pomona Foundation, Inc. will manage the investment of the Dr. Harold L Lint Memorial Biological Sciences Department Scholarship endowment fund. The principal of Dr. Harold L Lint Memorial Biological Sciences Department Scholarship will forever remain intact. The minimum award amount will be $500; scholarship amounts and number of awards will be determined by the Selection Committee. The Selection will seek to exhaust available annual earnings from the Endowment as scholarship awards. (Source)

3) Dr. Brian Jersky joined the College of Science in Summer 2012. He is honored to serve as the College’s dean. He is a statistician by training, and has worked within the California State University system for many years. In addition, he served as dean of science at Saint Mary’s College of California from 2006 till 2010.

Together with the faculty and staff of the College, the dean works to ensure that Cal Poly Pomona’s “Learn by Doing” philosophy is implemented and continuously developed in all the College’s programs. Among other things, this means involving our students – undergraduate and graduate – in real scientific research, so that in addition to learning the material required to be accomplished scientists, our graduates can apply their knowledge to the world. Our stellar faculty are key to this endeavor, and they are supported by an outstanding staff. The dean invites you to enjoy our website, and to contact him with any questions you might have about science at Cal Poly Pomona. (Source)

4) The College of Science at Cal Poly Pomona is a hub for discovery, application and commercialization of science, technology and mathematics. To facilitate its mission the College of Science offers versatile curricula built upon applications-oriented instruction or “Learn-By-Doing” methodologies. Our courses combine fundamental education in science or mathematics with a broad human outlook, aimed at developing the students’ mental horizons beyond the limits of their immediate vocational objectives. (Source)

5) Cal Poly Pomona Foundation, Inc. (CPPF) has recently elected to place a Shop24 automated convenience store at California State Polytechnic University, Pomona (Cal Poly Pomona), the second largest polytechnic school in the United States and one of the 23 California State University (CSU) schools. The store will be placed at University Village, a CPPF-operated student housing facility that caters to over 1300 students. “Shop24 will allow us to serve the residents at the University Village who have not had access to any food services within a reasonable walking distance before. They are very excited about our partnership with Shop24. The integration of our campus card will also allow us to gain better penetration of our Bronco Bucks program in that location,” said Aaron Neilson, Interim Director, Dining Services. (Source)

Portfolio Insights:“Hood College of Frederick, Maryland was founded in 1893. It is a private institution of higher learning with an established tradition of providing a comprehensive academic program in the liberal arts and professional studies to approximately 2, 500 undergraduate, graduate, and adult learner students.

Pooled endowment funds are invested on the basis of a total return policy to preserve and enhance the principal of the funds. The income from the investment pool is proportionately allocated to the individual funds and appropriated for use according to the spending guidelines of the Board of Trustees.” (Source)

1) Most of Hood’s endowment funds are invested in a balanced blend of high-quality, readily marketable stocks, bonds and other assets. Each year Hood College spends part of the endowment earnings on current operations and on the purposes designated by donors. The amount to be spent, called the payout rate, is set by the Board of Trustees to secure maximum purchasing power of the endowment. Hood College avoids dipping into the principal of the endowment unless required to meet critical needs of the College that cannot be funded from current operations. (Source)

2) Hood College has received $2.5 million from The Hodson Trust that will go to academic initiatives and student scholarships.

The largest portions of the gift will go to the College’s nursing program, including $425,000 to help fund the Hodson Trust Professorship in Nursing; and $250,000 for equipment for a new nursing lab facility in the Hodson Science and Technology Center.

The gift also includes $400,000 to fund faculty research. The trust has provided nearly $1 million in recent years to create and sustain an endowment fund for the summer research institute, which supports important faculty research initiatives across academic disciplines. Also included in the gift is $925,000 toward the Hodson Trust Scholarship Endowment for student scholarships and $500,000 toward construction and upgrades to Tatem Arts Center and the Hodson Science and Technology Center. (Source)

3) This year, Hood’s gift will be devoted to the renovation and construction of the Hodson Science and Technology Center. Hood College President Dr. Ronald J. Volpe said, “Our new science and technology center recognizes the increasing importance of science and technology in the Washington, D.C., and Baltimore regions. It will help contribute to the advancement of Hood’s students and to the economic progress of the region and the state of Maryland. From the first gift it gave to Hood in 1936 to the very generous gift today, The Hodson Trust continues to play an important role in making Hood College a premier educational institution.” (Source)

4) Feb 9, 2015 – Hood College announced Monday that Andrea E. Chapdelaine, provost and vice president for academic affairs at Albright College, will serve as its 11th president.

Selected by the college’s board of trustees from more than 90 candidates, Chapdelaine will start her term as president on July 1. She will succeed Ronald J. Volpe, who is retiring after 14 years. Volpe was responsible for helping the former women’s college transition into a fully coeducational college in 2003. During his tenure, Volpe also significantly grew the college’s endowment, added men’s and women’s athletics teams and launched more robust academic offerings as well as state-of-the-art facilities.

A strong leader with more than 21 years of teaching experience, Chapdelaine started her career at Albright in 1998. She began as an assistant professor of psychology and climbed her way up to the top, first to associate professor then to dean of undergraduate studies and finally to provost and vice president for academic affairs. (Source)

5) An award-winning commercial construction firm has established an endowment fund that will partially support a head tennis coach position at Hood College. KBE Building Corporation, located in Columbia, Md., and Farmington, Conn., will donate $25,000 over five years to the KBE Tennis Coach Endowment Fund.

The firm has had a long history with the college, and recently completed the second phase of Hood’s $20 million campus-wide upgrade to its facilities. This summer KBE will begin the construction of six new tennis courts and renovations to the college’s Huntsinger Aquatic Center. The project is scheduled for completion in late August.

“We have a long-standing corporate policy of giving back to the communities in which we work,” said Mike Kolakowski, KBE’s president and CEO and a principal owner of the firm. “In the past, we’ve supported the Frederick Food Bank in recognition of our relationship with Hood, and now our team is very excited to be involved in this endowment-it’s an enduring legacy of which everyone is proud.” (Source)

Portfolio Insights:“Bridgewater College (the “College”) is a private, undergraduate, coeducational liberal arts college located in Bridgewater, Virginia. The College’s curriculum emphasizes the liberal arts and sciences. The College has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets.

The College invests long-term assets with multiple investment managers to achieve a diversified portfolio in accordance with its investment policies. In accordance with the requirements of the Fair Value Measurements and Disclosures standard, a significant portion of the College’s investments are classified as having used Level 3 inputs.” (Source)

1) Bridgewater College, 14 other private, nonprofit colleges in the Council of Independent Colleges in Virginia (CICV) and the U.S. Department of Energy have joined forces to help develop comprehensive plans for implementing solar power on area campuses. Money for the three-year program will come through the CICV via an $807,000 award provided by the Department of Energy SunShot Initiative.

The program will help Bridgewater and partner schools navigate complex legal, regulatory and technical challenges associated with installing solar-powered systems. It will also provide group purchasing to achieve price reductions for hardware and installation services and create a learning network accessible by other organizations considering solar power.

Consulting services will be provided to CICV by Optony, Inc., a global consulting firm focused on solar energy.

“Bridgewater College was one of the key members of the project development team from start to project implementation” said Teshome Molalenge, director, center for sustainability, at Bridgewater. “The funding will help Bridgewater and its fellow CICV colleges mitigate the high cost of solar technology, clear technical, legal and regulatory hurdles and provide multiple learning opportunities for students and employees alike.” (Source)

2) Bridgewater College has some bragging rights when it comes to sustainable transportation. The college is the only owner in the state of Virginia of the world’s most energy-efficient vehicle. The call it the ELF, which stands for “electric, light, fun.”

“She’s so magnificent and she’s so easy to operate. She’s just beautiful,” said Teshome Molalenge, director of the Center for Sustainability. The vehicle draws power from a variety of sources: it’s topped with solar panels, the battery can be charged by pedaling, and it can be plugged into an electrical outlet. “It gets 1800 miles to the gallon, even though technically no gallons,” said Stephen Miller, a senior student and recycling coordinator at Bridgewater College.

But is the carbon fiber, maintenance-free vehicle a bike or a car?

“It really feels like a combination of both. And I’ve never experienced that in a vehicle before,” Miller said. (Source)

3) The mission of Bridgewater College is to educate and develop the whole person. Our graduates will be equipped to become leaders, living ethical, healthy, useful and fulfilling lives with a strong sense of personal accountability and civic responsibility. This mission is carried out in a learning community, with Christian values, high standards of integrity and excellence, affirming and challenging each member. (Source)

4) As Bridgewater College coaching and teaching legend Harry G.M. “Doc” Jopson celebrates his 100th birthday on June 23, some of his former students and other supporters of the college have created an endowed fund to support Bridgewater’s track and cross country programs.

Jopson, who came to Bridgewater College in 1936 to head up its biology department, also reinvigorated the college’s defunct track program and transformed it into a championship-winning juggernaut. He also founded the cross country program. By the time Jopson retired in 1981, his runners had chalked up two dozen undefeated track seasons and dozens of conference and state championships.

Jopson himself was selected the Old Dominion Athletic Conference (ODAC) Track Coach of the Year from 1978-1981. (Source)

5) An accomplished academic leader, Dr. David W. Bushman brings extensive experience in higher education administration and in the classroom to Bridgewater College as its ninth president.

Dr. Bushman came to BC from Mount St. Mary’s University in Emmitsburg, Md. where he was the founding dean of the university’s School of Natural Science and Mathematics. In this role, he oversaw numerous academic programs and new academic program development as well as strategic and communications planning and fundraising for the school.

Prior to leading Mount St. Mary’s School of Natural Science and Mathematics, Dr. Bushman served as president of Lees-McRae College in Banner Elk, N.C. While at Lees-McRae, Dr. Bushman oversaw the college’s successful bid for re-accreditation from Southern Association of Colleges and Schools (SACS) and developed and implemented a new strategic plan for the institution. During his time at the helm, Lees-McRae engaged in a number of significant campus renovation projects, implemented curricular and co-curricular enhancements, and increased its freshman retention rate significantly. (Source)

Portfolio Insights:“The following Management’s Discussion and Analysis (MD&A) provides an overview of the financial position and activities of the Oregon University System (OUS) for the years ended June 30, 2014, 2013 and 2012. The MD&A focuses on OUS as a whole and is intended to foster a greater understanding of OUS’s financial activities.

Changes to Total Assets reflected a larger increase than changes to Total Liabilities which caused Total Net Position to increase $83 million, or 6%, during 2014 compared to a $14 million, or 1%, increase in 2013. As illustrated by the following graph, the make-up of net position changed between 2014, 2013 and 2012.” (Source)

1) The Oregon University System Pooled Endowment Fund (Fund) is a permanent fund and is expected to operate in perpetuity, so these funds will be invested long-term. It is important to follow coordinated policies regarding spending and investments to protect the principal of the funds and produce reasonable total return. (Source)

2) The Oregon University System is exploring whether it should divest its endowment fund from 200 publicly traded companies that hold the majority of the world’s proven coal, oil and gas reserves.

The inquiry follows a push from students at several of the universities in tandem with a student movement across the globe. The students are among activists at more than 300 colleges and universities who want their schools to withdraw endowment funds from fossil fuel companies. They want schools to divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds.

So far, organizers say a handful of universities have agreed to divest funds. Ten U.S. cities, including Eugene, have also committed to divest. (Source)

3) Portland State won big. So did the University of Oregon and Oregon State University. Oregon’s Legislature finally stood up for education in the just-completed session.

At $761 million, the 2013-2015 Oregon University System operating budget is up about 10 percent from last biennium. (The system governs Oregon’s seven public universities.) The capital budget is up a whopping 104 percent.

As for Portland State, it received $40 million in bonding capacity to triple the size of its business school. This will help PSU attract more students, become a destination school and churn out graduates who can work in Oregon businesses.

Lawmakers also dedicated $3.75 million to fund a business incubator that will work to commercialize research developed at UO and OSU. The accelerator, called the South Willamette Valley Regional Accelerator and Innovation Network, or RAIN, will have offices in both Eugene and Corvallis. (Source)

4) In 2005 the Oregon State Legislature passed an innovative bill that provides an unprecedented tax incentive for donors who choose to support commercialization of promising university discoveries and campus-based entrepreneurial education by contributing to university venture development funds at the seven Oregon University System (OUS) campuses and Oregon Health & Science University (OHSU). This legislation was finalized in 2007 with passage of SB 582. (Source)

5) Cathy Dyck began her appointment as Acting Chancellor of the Oregon University System on August 16, 2014. Cathy DyckPrior to that appointment she was the Vice Chancellor of Finance and Administration for the Oregon University System. Cathy has had a long and distinguished career in higher education finance and administration. She served at Portland State University, Portland State University Foundation, New Mexico State University—Carlsbad, Whitworth College, and University of Alaska. She has also held positions in the private industry, including Oregon Software Inc., VisionWorks, and as an independent consultant.

Cathy earned a Bachelor’s degree in Business Management and Accounting from the University of Maryland, and a Master’s of Public Administration from Portland State University. She is also a graduate of the WACUBO Business Management Institute. (Source)

Portfolio Insights:“St. Francis College (the “College”), located in Brooklyn Heights, New York, is a private, nonprofit, independent,co-educational college chartered by the Legislature of the State of New York and the Board of Regents of the University of the State of New York and accredited by the Middle States Association of Colleges and Universities. Income and net gains on investments of endowment and similar funds are reported as increases in temporarily restricted net assets if the terms of the gift impose restrictions on the use of the income, or if such income and gains are pending Board appropriation.

The College’s endowment consists of approximately 258 individual funds established for a variety of purposes and includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments.” (Source)

1) After 40 years in commercial banking, Brendan J. Dugan decided to return to his alma mater, St. Francis College, as President in 2008. He had served as Chairman of the College’s Board of Trustees before that, and as a member of the Board played a leading role in the College’s $40 million fundraising Campaign for Big Dreams.

President Dugan’s last banking position was Chairman & CEO of Sovereign Bank’s Metro NY/NJ Division. Sovereign had recently acquired Independence Bank where Mr. Dugan worked since 2003. Prior to joining Independence, he served as Chief Operating Officer of Citibank Commercial Markets (2001-2003), President of European American Bank (1991-2001) and President and Chief Executive Officer of NatWest USA (1974-1991). While at each of these institutions, Mr. Dugan helped develop and manage the implementation of growth strategies in the areas of Commercial and Retail Banking, Leasing and Real Estate Lending, all of which are integral to the New York economy.

Mr. Dugan is also a Director of Cox and Company, a manufacturer of aerospace parts for military and civil applications. (Source)

2) Jan 26, 2000 – St. Francis College, Brooklyn, N.Y., restructured its $78 million endowment fund after a review of its investment strategy with consultant Evaluation Associates, said Dick Halverson, vice president for finance. It hired Alliance to handle $20 million in U.S. large-cap growth equities; ICAP, $17 million, U.S. large-cap value equities; Vanguard, $11 million, institutional S&P 500 index fund; and Metropolitan West, $20 million, U.S. fixed income. The endowment retained Gabelli Asset Management to run its existing $10 million small-cap to midcap U.S. equity portfolio. It terminated Merrill Lynch and Amivest, which managed $22 million and $19 million, respectively, in U.S. equities. Mr. Halverson said the endowment decided to hire managers using more specific strategies than Merrill and Amivest, which each used a blend of approaches. (Source)

3) St. Francis’ College is a recognised, unaided Anglo-Indian minority institution established and administered by “The Catholic Diocese of Lucknow”, a charitable Religious Society registered in Lucknow under the Societies Registration Act XXI of 1860.

The College was founded in 1885. It was established with the object of imparting modern education primarily to Catholic students in a manner that would conserve their “Religion, Language, Script and Culture, “but is open to all, irrespective of religion, caste or community”.

This institution is situated in Hazratganj – the central and posh locality of Lucknow and as such, is very convenient for parents/guardians seeking education for their children. The College has a well-maintained, spacious campus with artistic and imposing buildings, playgrounds and well-grown trees along the boundary, providing an atmosphere for good health and education. (Source)

4) St. Francis College has a proud heritage of preparing students to take their places as leaders in their fields and to become contributing members of society. With a mission founded on the ideals and teachings of St. Francis of Assisi, the College plays a vital role in the community and in the lives of its students and alumni.

A group of Franciscan Brothers first came to Brooklyn in 1858, opening St. Francis Academy several months later in 1859. It was the first private school in the diocese of Brooklyn. The school, which was opened to educate the boys of the diocese, started in a building on Baltic Street and grew quickly. In 1884, just 25 years later, the trustees of St. Francis received permission from the state legislature to “establish a Literary College” under its current name and giving it the power to confer diplomas, honors, and degrees. In June 1885, St. Francis College conferred its first Bachelor of Arts degree, and seven years later the first Bachelor of Science degree was granted.

The addition of the Anthony J. Genovesi Center in 2003 offers students additional opportunities to participate and watch athletic events while the $40 million Frank and Mary Macchiarola Academic Center which opened in 2006, houses a library, numerous smart classrooms, HDTV studio, and black box theater. (Source)

5) St. Francis College principal Brenda King has labelled 2014 as another successful year for the school. The college held its annual prizegiving and presentation day on December 12, with many students recognised for their academic, sporting, creative and social talents. “Excellence in learning and teaching has a very important place in daily life at St Francis College and it is always a thrill to watch our students grow over the course of the school year,” Mrs King said. “The opening of the Marcellin Learning Centre this year has allowed students and teachers to work collaboratively in contemporary learning spaces. “Teachers work side-by-side, learning together. “I thank you (the students) for a rewarding year … remember you have the capacity to achieve anything you set your heart on. “Appreciate the gifts you have and use them well.” (Source)

Portfolio Insights:“Kettering University (the “University”) is a private educational institution located in Flint, Michigan. The University provides education and training in the areas of engineering, science, and business. The University records all investments in money market funds, common stock, equity securities, and debt securities at fair value.

The University has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that the University must hold in perpetuity or for a donor-specified period as well as board-designated fund.” (Source)

1) A $1.2 million estate gift from the Riopelles to Kettering University in Flint, Mich., will do just that. The Earl and Lanice Riopelle Fund will create a $1.2 million endowment to support Graduate and Continuing Education opportunities, especially for engineers seeking advancement in business and industry. The fund will also provide resources and library materials for Graduate-level and Continuing Education coursework at the University.

The gift was announced Monday, Dec. 21, at Kettering and is one of the largest estate gifts ever given to the University. The gift was delivered by Christopher D. Conner, senior vice president of corporate and institutional banking at National City, now part of PNC Bank, Lansing.

“Kettering University is very grateful to the Riopelle family for this lasting and noteworthy gift,” said President Stan Liberty. “There is a dynamic value to Earl and Lanice’s contribution,” Liberty said. “We will use this investment to help professional engineers improve themselves and their companies. We will also use it to develop new coursework in areas, such as Technical Management and Engineering Management, exactly the kind of pro-active, post-graduate education Earl envisioned at his alma mater.” (Source)

2) Kettering University President Robert McMahan has named Tom Ayers as the university’s new vice president for administration and finance. He most recently served as the Executive Vice President for Operations & Treasurer at Huntington University in Huntington, Indiana.

“Tom brings three decades of pertinent experience to Kettering and a superb record of leadership in operational services, management and budgeting,” McMahan said in a news release. “His expertise on endowment management, campus master planning, facilities marketing and campus relationships with chief financial officers have made him a sought-after speaker at national conferences. His volunteer work extends to the Boy Scouts of America and community foundation work.”

“I am looking forward to working with everyone in helping the institution move forward in meeting the challenges before us, while recognizing the great work that has been done in the past,” Ayers said in the release. “I believe Kettering is uniquely positioned to truly make a difference through preparing students and in moving STEM initiatives forward in our nation.” (Source)

3) Kettering University President Robert McMahan to give the Charge to the 2012 Graduates when Kettering University hosts Commencement ceremonies for more than 260 graduates on Saturday, Dec. 8, 2012. The 11 a.m. event is open to the public in the Connie and Jim John Recreation Center in Flint.

Kettering will graduate 213 undergraduates and 54 master’s candidates during graduation services. President Robert McMahan will address the gathering with a Charge to the 2012 Graduates. Dr. McMahan became the seventh President of Kettering University in August 2011. Prior to this, he was the Founding Dean of the Kimmel School (the College of Engineering and Technology) at Western Carolina University. (Source)

4) The Charles Stewart Mott Foundation in Flint, Michigan, has announced a $15.5 million commitment to Kettering University in support of several programs designed to increase student enrollment, bolster Flint’s economy, and boost alumni participation in the school’s various efforts.

Mott plans to award a series of grants to Kettering over the next three or more years on condition that the school meets specific criteria. Kettering will use the grants to advance a set of strategies aimed at growing and retaining its student body, nurturing its effect on the economy of the Flint region, communicating its identity to a broader audience, and building alumni relationships and revenue.

Those strategies include redesigning admissions and graduation criteria for educational programs outside Kettering’s traditional engineering curricula; expanding programs that engage local high school students in the study and exploration of science, technology, engineering, and mathematics; and developing initiatives focused on helping entrepreneurs create new products and businesses. The first grant made as part of the initiative, totaling more than $2 million, was awarded in May. (Source)

5) A Kettering University alum was among the participants featured in a recent Bloomberg Businessweek article on a Battle Fin, a company that provides contests in which participants assemble hedge funds and pit them against each other.

Stephen Longo, 54, graduated from Kettering in 1981, according to Kettering.

Bloomberg Businessweek describes Longo — in the article titled “The Hedge Fund Hunger Games” — as “a Fu Manchu–mustache-sporting Long Islander, had spent 20 years as an engineer at General Motors (GM). He had been racking up impressive gains on a theoretical trading platform for years, making millions, but only on paper; winning the tournament would give him a chance to prove his investing chops without a safety net.”

In the contest, the participant, “who made the most while risking the least would win the right to manage seven figures of capital,” according to the article. (Source)

Portfolio Insights:“The Foundation is an independent, not-for-profit organization whose primary mission is to raise funds for the University and to provide direct and indirect support to the University that is not entirely reflected in the University’s Statements of Revenues, Expenses and Changes in Net Assets. Expense items paid on behalf of the University by the Foundation include expenses such as salaries, construction, equipment, books, supplies and travel. During the year ended June 30, 2011, and June 30, 2010, the Foundation made payments to the University of $1,284,359 and $1,338,412 respectively.” (Source)

Top Emporia State University Foundation, Inc. Endowment Fund Headlines:

1) A desire to help college students who might struggle to find scholarships and give them an incentive to remain in Kansas communities is the reason the Emporia State University Foundation has received $100,000 from the Goppert Foundation. The Goppert family’s continued generosity was celebrated Wednesday with a bell-ringing reception in the Memorial Union’s Webb Lobby. This new gift significantly boosts the size of the Goppert Foundation Scholarship Endowment Fund, which was established by a similar gift in 2009. The fund has already helped defray educational costs for 22 Emporia State students. “This additional support from The Goppert Foundation allows us to help even more students achieve their dreams to obtain a college education,” said DenaSue Potestio, president/CEO of the ESU Foundation. The Goppert family was represented at Wednesday’s celebration by Joseph A. Smith and Joshua M. Smith, chairman and vice president, respectively, of the Goppert State Service Bank. (Source)

2) Dr. Michael Shonrock is the 16th president of Emporia State University. The Kansas Board of Regents voted this morning to approve the appointment then officially introduced Shonrock and his wife, Karen, during a special meeting at Albert Taylor Hall on the ESU campus. Shonrock plans to begin his presidency Jan. 3, 2012.

“The Board is proud to announce that Dr. Michael Shonrock will be the next Emporia State University president,” said Regent Ed McKechnie of Arcadia, Chair of the Board of Regents. “He rose to the top of an exceptional field of candidates, and we’re extremely impressed by his experience, enthusiasm and passion he will bring to ESU and the Emporia community. The Board looks forward to working with Dr. Shonrock and celebrating the success of ESU.”

Shonrock has served as a Senior Vice President and an Associate Professor of Educational Psychology and Leadership at Texas Tech University. He began his higher education administration career at Texas Tech University in 1990. He has held various leadership positions with increasing levels of responsibility and oversight in the area of Enrollment Management, Student Affairs, and Auxiliary Services. Shonrock earned a B.S. and M.S. from Western Illinois University, his Ed.S. from Pittsburg State University, and his Ph.D. from the University of Kansas. (Source)

3) Dr. David P. Cordle, dean of the College of Arts and Sciences at University of North Carolina Wilmington, will assume his duties as provost and vice president for academic affairs by July 1, according to Dr. Michael D. Shonrock, president of Emporia State University, who offered the position to Cordle on Tuesday.

As provost, Cordle said, he will take on the traditional role of providing internal leadership for the university while also having an external focus, a part of the Emporia State position that was attractive. “I enjoy fundraising; I enjoy external advocacy for academic programs and advocacy for students,” Cordle said. “To me, that’s a part of what a provost does.”

Cordle visited the Emporia State University campus April 3 through 5. During his visit, he met with the search committee, administrators and members of the campus and Emporia communities, including faculty, staff and students. The new provost described that visit as a way for both him and the campus community to determine whether they were good fits for each other. (Source)

4) The Foundation assistant director of development for athletics supports the core values of the Emporia State University Foundation and assures quality services to students, faculty, staff, parents, outside organizations and communities. He/she is a leader, talented fund-raiser, mission-oriented, and philanthropic-minded.

The Emporia State University Foundation supports the University in its private fundraising and charitable efforts for the purpose of supplementing and enhancing University programs, activities and educational opportunities. (Source)

5) The Emporia Phi Delta Theta Alumni Chapter partnered with the Emporia State University Foundation in 2013 to launch an initiative to build its existing local endowed scholarship from $42K to $145K by the chapter’s 45th anniversary celebration in June of 2014. Recently, undergraduate brothers were joined by Foundation development officers to produce appeal videos to round-out the Sound Learning & Leadership Fund drive initiative. The $100K goal is 83% met through one-time gifts and five year pledges from 11% of the alumni roster. This Kansas Epsilon scholarship initiative is part of the University’s Now & Forever Major Campaign. (Source)

Portfolio Insights:“Founded as a private, independent college for men by the Congregation Brothers, a Roman Catholic order of teaching brothers, Iona College (the College) commenced the operations in 1940 in New Rochelle, New York.

The Colleger’s investments are reported at fair value based upon quoted market prices or, with respect to investment funds, at estimated values provided by external investment managers. These estimated values are reviewed and evaluated by the College.” (Source)

1) The endowment projects proposed in the Iona Forever campaign to fund professors, scholarships and coaches will be as or more impactful than the capital projects. Regardless of larger economic forces, Iona’s needs will continue to grow and will require resources to maintain academic excellence. Academic and athletic programs that can exist apart from the operating budget provide continuity and growth. The endowments that fund them provide a means for donors to establish an individual or corporate legacy. Without a significant endowment, it is a challenge to offer support for academic and extracurricular life, without increasing tuition.

A critical component of the campaign, endowed merit and need based scholarships, will have a profound impact on the lives of current and future Iona students and will enable future generations to pursue these noble ideals. Scholarships offered through Iona Forever will allow the College to expand and balance its financial aid program, freeing up resources to flow into other facets of the Iona academic experience. Gifts, which may be named in honor of or in memory of the donor, will establish investment funds to provide student aid year-in and year-out. This investment structure enables each dollar to work towards the recruitment and support of many future Iona students. (Source)

2) Iona in Mission offers short-term domestic and international immersion experiences to the students, alumni, staff, and faculty of Iona College. Through the mission trips, participants move away from a global culture of indifference by engaging in service with the poor and marginalized while being immersed in different cultures. Upon returning to Iona, participants share their experiences and injustices affecting the host communities to help increase solidarity leading to action between the Iona community and marginalized communities around the world.

These experiences are truly transformative for participants and often enrich and deepen their Iona education.Service immersion breaks down the walls of the classroom and enfleshes the people, places, and ideas studied in class.Making human our images of people in other places, inspires us to respond to the needs of those who once seemed remote and different.We also begin to see ourselves in a very different way, expanding our definitions of who we are. (Source)

3) New Rochelle, NY (April 2, 2014) Mark Kiselica, Ph.D., vice provost of the College of New Jersey, will become Iona College’s next provost and senior vice president for academic affairs, effective July 1, 2014. After a national search, spanning several months and review of more than 70 applicants, Dr. Kiselica emerged as the clear choice for Iona. As provost and senior vice president for academic affairs, Dr. Kiselica will provide leadership in planning, developing, implementing, budgeting, and assessing all academic support and student life programs. He will also provide leadership in implementing many initiatives in the College’s five-year strategic plan, Advancing our Legacy and Defining our Future.

“Dr. Kiselica is an impressive professor, scholar and administrator,” said Iona College President Joseph E. Nyre, Ph.D. “He is joining the College at a pivotal time in our history. As we focus our strategic efforts, he is the right academic leader to guide our community toward advancing student distinction, academic distinction and affordability, as well as elevating the academic reputation of the institution.”

Dr. Kiselica is a psychologist, professor of counselor education, former dean of the School of Education, and, since 2009, vice provost at the College of New Jersey (TCNJ). Prior to joining TCNJ in 1994, he was an assistant professor of counseling psychology at Ball State University. (Source)

4) Dr. Joseph E. Nyre serves as the eighth president of Iona College. Founded by the Irish Christian Brothers, Iona College is a community of learners and scholars dedicated to academic excellence in the tradition of the Christian Brothers and American Catholic higher education. Committed to intellectual inquiry and the values of justice, peace and service, Iona is a midsized Catholic college of approximately 4,250 full- and part-time students known for its liberal arts core curriculum, commitment to service and outstanding business and pre-professional programs. Iona has a Carnegie Classification of “Master’s L,” which represents colleges and universities offering larger master’s programs. Iona successfully participates in NCAA Division I athletic competition. (Source)

5) President Joseph E. Nyre, Ph.D., delivered an update on the state of the College, which included recent success such as welcoming the best qualified freshmen class in over five years and achieving the milestone financial goal of growing Iona’s endowment to $100 million, nearly doubling the total over three years with the goal of doubling again over the next five years.

Additional accomplishments during the first phase of his presidency have included endowing a faculty development fund, creating Iona’s first fully endowed faculty chair, launching new academic programs, moving forward on campus improvements, and continuing to make Iona financially sustainable in the highly competitive higher education landscape.

“I want to spend more of the next phase of the Presidency focused on the soul of the institution,” said Dr. Nyre. “Focusing on our mission, on our people, on diversity and positioning the College for the next 75 years.” (Source)

Portfolio Insights:“Our hope and goal is that students will not only learn how to lead in today’s church, they’ll learn how to adapt to the changing nature of their ministries moving forward as well,” said Craig Koester, Luther Seminary’s academic dean. Though still in its early stages, the hope is that the flexibility of the new curriculum will make getting a first theological degree more attractive to and attainable for prospective students.” (Source)

1) The Luther Seminary board of directors has elected the Rev. Dr. Robin J. Steinke to be the seminary’s next president. Steinke is the first woman to be named president in the seminary’s 145-year history. Steinke will succeed the Rev. Rick Foss, who has served as interim president since December 2012. She will take office on June 1. Steinke is currently the dean and a professor of theological ethics and public life at Lutheran Theological Seminary at Gettysburg, Penn., where she has served since 1999. She previously served as an Evangelical Lutheran Church in America (ELCA) pastor, a training manager and financial planner at American Express Financial Advisors, and a middle school band director in Marietta, Ga. (Source)

2) Located in St. Paul, Minnesota, Luther Seminary was founded in 1963, as the result of a series of mergers with other Lutheran seminaries. Their current president is Rick Foss. Luther joined the SSA in 2012, as a founding partner school.

“We already have a faculty that’s diverse across denominational lines, so these additional connections with other seminaries should benefit us as we share our understanding of the gospel with them and they share theirs with us.” – The Reverend Jim Lindus, Chair, Board of Directors, Luther Seminary. (Source)

3) The administration of Luther Seminary works toward the common purpose of making the seminary a place to learn, teach, work and study. The Luther Seminary Board of Directors is the governing body of the seminary. Pastors and lay leaders from across the country provide leadership in establishing policies and priorities. The Luther Seminary Board of Trustees provides key leadership in developing the financial support necessary to fulfill the seminary’s mission. (Source)

4) Luther Seminary is one of the eight seminaries of the Evangelical Lutheran Church in America (ELCA). Luther Seminary is accredited by the Commission on Accrediting of the Association of Theological Schools in the United States and Canada and the Higher Learning Commission. The following degree programs are approved: M.Div., M.A., M.S.M., D.Min., M.Th., Ph.D. (Source)

5) While Luther Seminary thanks God for gifts for named scholarships, endowed chairs and special funds, it is unrestricted gifts—those with no strings attached—that are most crucial to keeping the seminary running each year. Last year the Sustaining Fund and other budget-relieving gifts supported 45 percent of the seminary’s budget! By giving to the Sustaining Fund, you are making a special commitment to Luther Seminary. You are showing that you entrust the seminary’s leadership with the flexibility to use these gifts where they will have the greatest impact on the quality of seminary education our future church leaders are receiving. (Source)

Portfolio Insights:“Maryland Institute College of Art (the College) is the oldest private college in the United States of America dedicated to the education of professional artists and the further advancement of art in the community. Investments in fixed income and marketable equity securities with readily determinable fair values are recorded at fair value based upon quoted market prices. Private equity and limited partnership interests, which include venture capital and hedge funds, are valued based on amounts estimated by the investment managers. Investments of endowment and similar funds are maintained in a pool under a trust agreement with a bank.” (Source)

1) Maryland Institute College of Art said its endowment increased to $72 million as of May 31, up from $63 million on May 31, 2012. Its investments gained 15.4 percent over that period. (Source)

2) The Maryland Institute College of Art Board of Trustees today announced Samuel Hoi as the next president in the College’s 188-year history, effective July 1, 2014. Hoi is currently president of Otis College of Art and Design, in Los Angeles. He will succeed President Fred Lazarus IV, who will step down after a 36-year presidential tenure that is the longest in Maryland today. Hoi’s appointment follows a unanimous vote by the board.

“Samuel Hoi is the perfect choice to build on MICA’s legacy as the leader in art and design education and take us forward to greater heights,” said Neil Meyerhoff, chair of the Board of Trustees. “His 30 years of experience in launching visionary initiatives, developing community-based collaborations and empowering a world-class faculty and staff is completely aligned with the opportunities that await MICA at this moment in its history.”

Hoi will assume leadership at MICA following a period of unprecedented growth in the College’s reputation, programs, enrollment, financial strength and the endowment. MICA’s M.F.A. graduate programs are ranked in the top 10 nationally by U.S. News and World Report. Parade magazine recently listed MICA’s undergraduate studio arts programs collectively as one of the top two nationwide, and GDUSA named the institution one of the top 20 design schools. (Source)

3) MICA announces the appointment of Gwynne Keathley as MICA’s vice provost for research and graduate studies. Keathley brings to this position 15 years of experience with extensive knowledge and expertise in the creation of art and design curricula as well as the management of educational programs at colleges of art and design.

“I am excited to work with the vibrant community at MICA to strengthen graduate studies and research and advance the College’s position on the forefront of art and design education,” Keathley said. “Through transdisciplinary collaboration and partnerships, we have the opportunity to develop innovative programs and projects that respond to emerging issues and model new forms of creative practice. Together we can create a platform for students and faculty to further explore challenges facing Baltimore and society at large, and to respond to these conditions in ways that are both insightful and transformative.” (Source)

4) Apr 17, 2001 – The Maryland Institute College of Art has received a $6 million gift from Eddie and Sylvia Brown — the largest single gift in its 175-year history — for the construction of its first new academic building in nearly a century.

The gift, one of the largest ever made by an African-American businessman, grew out of the Browns’ experience as parents of a MICA student, their personal respect for and interest in the college’s vision for the future, and their longstanding commitment to the arts and the city of Baltimore.

Brown, founder and president of Baltimore-based Brown Capital Management, one of the country’s leading African American-owned investment-management firms, has been a regular panelist on the PBS program “Wall $treet Week with Louis Rukeyser” for the past twenty-two years and is active in community affairs, serving on the boards of numerous arts and charitable organizations. (Source)

5) The Maryland Institute College of Art has received a $10 million endowment gift from longtime trustee and benefactor George L. Bunting Jr. and his wife, Anne Bunting.

The gift is the largest in the 185-year-old school’s history, and will provide support for the expansion of the school’s graduate programs in art and design. It will also drive increased faculty-student research collaboration and engagement with visiting artists and community businesses.

George Bunting Jr. has spent more than 30 years on MICA’s board of trustees. He is also an honorary trustee of the Baltimore Community Foundation. He is the former CEO of Noxell Corp., a company acquired by Procter & Gamble in 1989 and is known for its Noxzema and CoverGirl products.

The Buntings’ previously provided support to renovate the building that became MICA’s Bunting Center, which houses student services, galleries, classrooms, academic offices and the library. Their son, Jeffrey G. Bunting, currently sits on the board. (Source)

Portfolio Insights:“Palm Beach Atlantic University, Inc. (the University) is a private, Christian, four-year, liberal arts university with its main campus in West Palm Beach, Florida and satellite campuses in Wellington and Orlando, Florida.

The University’s endowment is established for the purposes expressed in the University’s charter and consists of donor-restricted endowment funds and funds designed by the Board of Trustees to function as endowments.” (Source)

1) Palm Beach Atlantic University is pleased to announce it has received a $7,500 grant from the Community Foundation for Palm Beach and Martin Counties. The grant supports a research study of a threatened species of seagrass that is a key water quality indicator of a healthy ecosystem. This research has implications for estuaries around the state, particularly the Lake Worth Lagoon.

This study, which is made possible through a grant from a fund established by a donor at the Community Foundation, begins June 1. The University will use the grant funds for research supplies, equipment, and resources to disseminate findings. Associate Professor of Biology Thomas C. Chesnes, Ph.D. will lead the project and be assisted by research assistant, Kathryn Swick, a junior biology major at Palm Beach Atlantic. Dr. Chesnes and Swick also have received funding from Palm Beach Atlantic University for their research. (Source)

2) Palm Beach Atlantic University’s Dance Department was granted $10,000 to support the reconstruction of Jose Limon’s “There is a Time,” which will be performed by the PBA Dance Ensemble on November 21 at the Raymond F. Kravis Center for Performing Arts in West Palm Beach.

“It is an honor to have received this grant since it is a very competitive process and all the big dance schools, like Juilliard, applied,” said Demetrius Klein, resident artist in dance at PBA.

Palm Beach Atlantic was one of only 10 colleges in the country that was awarded grants through the American Masterpieces: Dance-College Component, a program of the National Endowment for the Arts, which is administered by the New England Foundation for the Arts (NEFA) and Dance/USA. The program is designed to get American masterpieces performed and “keep the works alive,” according to Klein, who assisted the students in the writing the grant. (Source)

3) Affirming the recommendation of the presidential search committee, Palm Beach Atlantic University trustees today elected William M. B. Fleming, Jr. as the University’s eighth president. Fleming, who had served as interim president for more than a year, officially begins his presidency on May 8, 2012.

Fleming, who joined Palm Beach Atlantic in 1992 as vice president of development, was appointed on March 4, 2011 to steward the University as interim president. Well known in higher education nationally, Fleming, 60, previously served in senior administrative posts at Wingate University and Guilford College, both in North Carolina. (Source)

4) Palm Beach Atlantic University’s Provost and Chief Academic Officer Dr. Joseph A. Kloba announced Craig Domeck as dean of the Central Florida campuses. Domeck joined the University’s Orlando campus in 2005 as assistant professor of management. For more than a year, he served as the interim dean at the Orlando campus, while still fulfilling his teaching assignments. Domeck is the founder and principal of 3-D Leadership, a consulting enterprise focusing on leadership development, strategic planning and coaching. He is also the editor of the Rollins Business Journal. (Source)

5) Dr. Gene C. Fant, Jr. became Palm Beach Atlantic’s provost and chief academic officer June 1, 2014. Dr. Fant had served as executive vice president for academic administration and dean of the faculty at Union University in Jackson, Tenn., where he co-led the development of the Union 2015 Strategic Plan and served in a variety of other leadership positions.

Dr. Fant earned a bachelor of science degree from James Madison University, a master of arts in English from Old Dominion University and a master of divinity from New Orleans Baptist Theological Seminary. While at the University of Southern Mississippi, he earned a doctor of philosophy degree in English literature and a post-doctoral master of education.

Additionally, he holds a certificate in educational management from Harvard University Graduate School of Education. A prolific writer and speaker, he is a contributing blogger at The Chronicle of Higher Education and First Things; his most recent book is The Liberal Arts: A Student’s Guide (Crossway). (Source)

Portfolio Insights:“Total gift income for the University and the discretely presented component units (which includes operating and capital gifts, as well as additions to permanent endowments) reached $274.3 million, or 3.4% of the reporting entity’s total revenues in fiscal year 2013. It increased $74.8 million or 37.5% from $199.5 million in 2012. Gifts are used to support a variety of projects, including capital improvements, scholarships, and endowments for various academic and research programs.” (Source)

1) The WISE Board serves as an advisory group for the Bonita J. Campbell Endowment for Women in Science and Engineering (WISE) that helps in guiding future and present women in career endeavors in the fields of engineering, math and science. This is accomplished by serving as a communication central node to local, nationwide, and worldwide active organizations in these fields. We act as an advisory committee to improve the understanding, appreciation, and recognition of Women’s contributions in these technical fields. We also support the occupational growth of women within the math and science industries. The board provides advice on the expenditure of funds related to the endowment and in alignment with its goals. We look to maintain high levels of ethical, professional and educational standards with all those organizations seeking our guidance. (Source)

2) Dr. Cynthia Z. Rawitch, vice president of undergraduate studies, will be taking over the vice provost position at CSUN. Harry Hellenbrand, provost and vice president of academic affairs along with a search and screening committee appointed Rawitch to the position, which she will begin in August. Rawitch said she is happy to start her new position. “I never in a million years thought I would be involved in central university administration,” Rawitch said. Hellenbrand said this new appointment came about for two reasons. “The assistant provost (Jerry Leudders) is moving out of the office to help with the Valley Performing Arts Center and that creates a gap,” Hellenbrand said. He said there is a lot of work that flows through the provost’s office. “We really need a couple people staffing it to make it work well,” Hellenbrand said. As vice provost, Rawitch would help Hellenbrand in the daily workings of the campus regarding education, he said. (Source)

3) Dr. Dianne F. Harrison is the fifth president of California State University, Northridge and began her appointment in June 2012. Before her appointment, she served as president of California State University, Monterey Bay, a position she had held since 2006. Prior to CSU Monterey Bay, she worked at Florida State University, where she served for nearly 30 years in various capacities starting as a faculty member, then as dean of social work, associate vice president for academic affairs, dean of graduate studies and vice president for academic quality and external programs.

Known for her commitment to students, academic excellence and comprehensive development, President Harrison has a reputation for building strong partnerships with public and private organizations, enabling students, faculty and staff to cross institutional boundaries and engage in innovative instruction.

Since her appointment, Dr. Harrison has identified seven key priorities for Cal State Northridge: 1) an unrelenting focus on student success; 2) focus on employees for success; 3) the visibility and reputation of the university; 4) planning for a future less dependent on state funding; 5) increasing research activity and sponsored programs; 6) sustainability; and 7) using athletics as a tool for engagement. (Source)

4) The College of Business and Economics says they will spend the donation made last year by David Nazarian to fund a slew of new programs, including new classroom technologies, a reinvigorated real estate program and an new minor.

Nazarian has pledged to give the $10 million donation to the college over the coming years and has also promised to help raise an additional $15 million from other sponsors the returns from which would be used in perpetuity.

“He’s bringing a lot of his networks to the table and [is] just being incredibly generous, not only with his resources but also with his time,” said Kenneth Lord, dean of CSUN’s business college. (Source)

5) A $10 million cash gift from David Nazarian to the College of Business and Economics will be used for entrepreneurship, student mentoring, real estate and professional development CSUN President Dianne F. Harrison announced at the California State University (CSU) Board of Trustees meeting Tuesday.

The donation will be coupled with a pledge to raise $25 million and renaming the college to the David Nazarian College of Business and Economics.

“On behalf of the entire Cal State Northridge community, first I would like to thank David Nazarian for his philanthropy and leadership,” Harrison said. “His leadership of a $25 million initiative launched with his personal gift of $10 million. The renaming of the college will have a transformative impact. His involvement will make a good college of business and economics great.” (Source)

Portfolio Insights:“Emmanuel College is one of the 31 autonomous, self-governing Colleges within the University of Cambridge. The College was founded in 1584. The College’s Charter established Emmanuel as a perpetual College of Sacred Theology, Science, Philosophy and good arts in the University of Cambridge.

The College’s endowment is invested primarily in commercial property, agricultural land and equities. An agent is retained to manage the investment property portfolio and the equity investments are divided between a number of managers with both active and passive management strategies being employed.” (Source)

1) Emmanuel College has been included in U.S. News & World Report’s “Best Colleges 2011” list. The school, based in Franklin Springs, Ga., is mentioned as one of the most ethnically diverse colleges in the South, ranking alongside larger schools including Newberry University, Mars Hill College and Southeastern University.

“We are thrilled to be noted among the top colleges in the South for racial diversity,” said Wendy Vinson, Vice President for Enrollment and Marketing at Emmanuel College. “Emmanuel has much to offer all students seeking a Christ-centered education, including a diverse student body.”

One of Emmanuel’s goals is to increase student diversity by two percent, said Vinson. The school currently has 770 students with 19 percent ethnic diversity. (Source)

2) Sister Janet Eisner, a Sister of Notre Dame de Namur, is the nation’s longest-serving woman college president currently in office. Since her inauguration in 1979, she has led Emmanuel through a time of exceptional innovation, achievement and growth. She provided the founding vision for the Colleges of the Fenway collaboration; she forged a partnership that brought Merck Research Laboratories to campus; and in 2000 she led Emmanuel’s transition from an all-women’s college to a thriving coeducational institution. Over the past decade, applications to Emmanuel have increased eleven-fold, enrollment has tripled and the campus has been transformed by the building of the Maureen Murphy Wilkens Science Center and the Jean Yawkey Student Center. (Source)

3) Emmanuel College is a values-based community that fosters a free exchange of ideas in which all questions-including those touching on faith, ethics and values-are discussed openly and vibrantly.

A strong sense of community allows students to connect easily with each other and faculty mentors, forming enduring relationships that enhance learning. An Emmanuel College education challenges students to become leaders and professionals who are critical thinkers, ethical decision makers and engaged members of the local community and global society. (Source)

4) To educate students in a dynamic learning community rooted in the liberal arts and sciences and shaped by strong ethical values, a commitment to social justice and service, the Catholic intellectual tradition and the global mission of the Sisters of Notre Dame de Namur.

Emmanuel will be widely esteemed as the college in the heart of Boston that leads the nation in combining an extraordinary liberal arts and sciences education in the Catholic intellectual tradition with a commitment to strong relationships, ethical values and service to others. Students will choose Emmanuel as the place to develop in every respect while preparing for lives of leadership, professional achievement, global engagement and profound purpose. (Source)

5) Emmanuel College is celebrating 95 years and the success of the Growing Forward campaign. Over the past five years, Emmanuel College has raised more than $ 13.9 million in cash and over $4 million in gifts-in-kind. Significant efforts to improve the campus have been made by expanding academic and athletic programs, building new residence and athletic facilities, and improving the quality of campus life for each student. (Source)

Portfolio Insights:“Taylor University (university) is a four year, private university. It was founded in 1846 and began operations as the Fort Wayne Female College in Fort Wayne, Indiana. It became co-educational in 1855 and was then called Fort Wayne College.

The university’s endowment consists of approximately 415 individual funds established for a variety of purposes. It s endowment includes both donor-restricted endowment funds and funds designated by the board of trustees to function as endowments. As required by GAAP, net assets associated with endowment funds, including funds designated by the board of trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) Tyler J. Beachler graduated from Taylor University with a Bachelor of Science degree in Finance with a minor in Mathematics. Participating on the Taylor University Men’s Soccer team allowed Tyler to grow his competitive nature. Tyler was recognized as an academic all-American for his success in the classroom and on the soccer field. Tyler’s work ethic and competitiveness led him to be recognized as an NAIA all-American, conference player of the year, and being featured on ESPN’s top plays #2. Tyler was chosen to captain the team his junior and senior year for his ability to lead by example.

Tyler participated in the management of Taylor’s Student Endowment Fund. Taylor University’s Endowment Fund has a total value of approximately $70 million. Tyler’s responsibilities include researching and reporting on domestic and international equities, as well as, summary analysis for the Student Endowment Fund. (Source)

2) Eugene B. Habecker, president of the American Bible Society, is leaving the New York–based organization to become the 30th president of his alma mater, Taylor University in Indiana. Describing his departure as “bittersweet,” Habecker, 58, said his return to Taylor, an evangelical Christian school, was “not about a diminished passion for the Bible cause, it’s about a calling.” (Source)

3) A significant gift to Taylor University’s finance program from Charles Schwab, Inc., has allowed Taylor to relocate and update its finance lab with state-of-the-art equipment. Now located on the first floor of Reade Liberal Arts Center, the new lab features a stock ticker, interactive display, and other monitors designed to enhance student learning.

The lab functions primarily as a research and meeting room for both the domestic and international endowment teams – these teams are student groups that manage about $1.8 million of the University’s endowment fund. Treated as real investment managers by the University Board of Trustees, these students gain experience trading and investing stocks in a professional environment.

Through continued monetary support from Charles Schwab, Inc., over the next several years, the Finance Program will be able to add even more equipment to the lab. The money will also send several top students to New York City for a portfolio competition and conference every year. (Source)

4) The mission of Taylor University is to develop servant leaders marked with a passion to minister Christ’s redemptive love and truth to a world in need. Taylor University is firmly committed to the lordship of Jesus Christ and evangelical Christianity. To assure the central place of Christian principles in the philosophy and life of the University, the trustees, administration, faculty, and staff believe. (Source)

Portfolio Insights:“The University of Northern Colorado Foundation, Inc. (the “Organization”) is a non-profit corporation providing program, scholarship, and other support to the University of Northern Colorado (the “University”). The majority of the Organization’s revenues is derived from contributions and investment income.

The Organization has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking the proper balance between preservation of capital and mantaining the purchasing power of the endowment assets.” (Source)

Top University of Northern Colorado Foundation, Inc. Endowment Fund Headlines:

1) The University of Northern Colorado Foundation receives all gifts and works with donors and the university to ensure your gift is allocated according to your wishes. The UNC Foundation is a private non-profit 501(c)(3) dedicated to stewarding donors, data, and dollars in support of the University of Northern Colorado. The independent, nonprofit UNC foundation offers efficiencies and benefits to the University by properly stewarding private gifts, providing flexibility and responsiveness, managing assets strategically, engaging volunteers as informed advocates, and ensuring the accuracy and confidentiality of donor records. (Source)

2) University Of Northern Colorado Foundation Inc reported $108 million in assets as of year-end, making it one of the larger nonprofits. The reported income for University Of Northern Colorado Foundation Inc was $97.5 million, which makes it one of the highest income nonprofits. (Source)

3) The University of Northern Colorado Foundation is pleased to recognize the generosity of Dr. K. Lee Shropshire , who provided the gifts to create this permanent fund to perpetuate excellence in the College of Natural and Health Sciences. Lee Shropshire earned a BA degree in Geology from Miami University of Ohio in 1954, and a PhD in Geology from the University of Colorado in 1974. He served two years in the U.S. Army in Korea and worked at the United States Geological Survey in Denver. Dr. Shropshire, Professor Emeritus of Geology, retired from UNC in 1998 after 33 years of service. His guiding philosophy about teaching is that students are the number one priority. Dr. Shropshire has established this scholarship to help UNC geology students achieve their educational and professional goals. (Source)

4) Kay Norton became the 12th President of the University of Northern Colorado in July 2002. She has lived in Greeley for more than three decades and is a vocal advocate for public higher education and building strong and sustainable university-community relationships.

A graduate of Wellesley College, where she majored in English, and the University of Denver College of Law, she practiced law for over 20 years—as an assistant county attorney, in private practice, and for 16 years at Monfort of Colorado, which later became ConAgra Red Meats.

Kay was appointed to the UNC Board of Trustees in 1995 and served as vice chair until 1998, when she joined the university’s staff as Vice President for University Affairs, General Counsel and Secretary to the Board of Trustees. She currently sits on the boards of directors for StarTek Inc., Upstate Colorado Economic Development and the American Association of State Colleges and Universities (AASCU). She has also served on the Systems Transformation Subcommittee of the Governor’s P-20 Council, the University of Denver Issues Panel on Immigration, the AASCU Commission on Presidential Leadership and Global Competitiveness, and the boards of directors for Getsmart Schools and Colorado Compact. (Source)

5) Dr. Robbyn R. Wacker is the Provost and Senior Vice President for the Division of Academic Affairs at the University of Northern Colorado. Prior to her current position, she was Assistant Vice President for Research and Dean of the Graduate School and International Admissions. Dr. Wacker received her B.S. and M.A. degree in Gerontology and her Ph.D. in Sociology and was recently chosen to attend Harvard’s Graduate School of Education summer program for leaders in higher education. Dr. Wacker’s book “Aging Social Policies: An International Perspective” was recently published.

Dr. Wacker continues to be an active supporter of and researcher in international education. She has led study abroad courses with students and is currently working on an International Aging Social Policies textbook which will include interviews conducted with older adults in 10 different countries. In her administrative role she is currently working with CIE staff and other UNC administrators on developing ways to promote and increase in the number of international students studying at UNC as well as increasing the number of faculty exchanges and learning opportunities. (Source)

Portfolio Insights:“The University of North Carolina Wilmington (University) provides the following Management’s Discussion and Analysis (MD&A) as an overview of the financial activities for the fiscal year ended June 30, 2014.

The University’s endowment fund investment rate of return of 14.6% exceeded the fund’s primary return objective of 6.6% for the fiscal year ended June 30, 2014. The endowment has been successful in achieving its long-term objective with a ten year annualized return of 8.8% and an annualized return since inception of 7.8%.” (Source)

1) University of North Carolina, Wilmington, issued an RFI for investment consulting services for its $70 million UNC Endowment Fund and $2.5 million Foundation endowment.

The boards of trustees for both funds “are requesting information from independent investment management and consulting firms experienced in active portfolio management and serving a client base of higher education institutions and their foundations,” according to the RFI, which said the boards “are considering diversifying investment advisers and would like information on the spectrum of consulting services.”

The contract could include portfolio analysis, policy development, manager selection, portfolio construction, ongoing portfolio monitoring and performance reporting, according to the RFI. (Source)

2) Eliminate poverty through education. It’s a lofty goal, but that’s the intent of Wilmington residents Dave Robertson and Mark Griffis, who recently pledged to donate $1 million to fund 20 new, endowed scholarships at the University of North Carolina Wilmington. That means there’s a scholarship for every academic department. The donation was the largest cash pledge for scholarships made by a single donor in the university’s history, said Marla Rice-Evans, associate vice chancellor for university advancement. “It’s unusual for a school to have people that care at that level,” Rice-Evans said. The donation will be spread over seven years and will fund the scholarships at $50,000 apiece. The donation is turned over to the university’s endowment fund, which is invested. The interest generated from the endowment provides money for the scholarships. (Source)

3) The University of North Carolina Wilmington received a $2.5 million endowment gift from the family of Bill Dobo, Chancellor Gary Miller told trustees Friday. It was given by the family of Bill Dobo, a longtime UNCW supporter who died in June. These funds will go into the Dobo Endowment, which was created earlier with another $2.5 million gift from Bill Dobo and his wife, Barby.

The funds were given as an unrestricted gift, said Eddie Stuart, vice chancellor for university advancement, meaning that UNCW can use those funds as it sees fit. The endowment will generate about $250,000 a year, which will likely go toward scholarships, Stuart said.

The gift is one of the largest in UNCW’s history. University officials couldn’t say what UNCW’s largest gift was. In February 2011, the school received what it said was its largest outright gift, an endowment from the McNeill family that renamed the nursing building as McNeill Hall. But the university wouldn’t release the amount of that gift. The university’s total endowment is $76 million. (Source)

4) Denise A. Battles has been named the next provost and vice chancellor for academic affairs at the University of North Carolina Wilmington. Currently dean of the College of Natural and Health Sciences at the University of Northern Colorado, Battles will officially join the university July 16, replacing retiring provost Cathy Barlow.

“I could not be more pleased to welcome Dr. Battles to UNCW,” said Chancellor Gary L. Miller. “She has an excellent track record of strong leadership and effective management in higher education. Even more importantly, she is a creative problem solver who will bring new ideas and approaches to our campus, supporting our ongoing quest for innovation. ”

The provost and vice chancellor for academic affairs reports directly to the chancellor, oversees all academic units of the university and serves as chief operating officer. (Source)

5) The University of North Carolina Wilmington has received high honors for their community engagement.

University officials announced Wednesday morning that the university earned the 2015 Community Engagement Classification from the Carnegie Foundation for the Advancement of Teaching.

The prestigious honor is given to higher education institutions dedicated to community involvement. UNCW is one of 157 institutions nationwide that was reclassified this year.

Officials said the university first received the national honor in 2008.

“UNCW is dedicated to enriching the quality of life through purposeful community and economic engagement,” assistant to the Chancellor for Community Partnerships Jenni Harris said in a news release. “This reclassification is a true testament to the university’s commitment to strengthening ties to the Wilmington and regional community through research, partnerships, programs and volunteer efforts – all with a focus on making an impact.” (Source)

Portfolio Insights:“The Pittsburg State University Foundation, Inc. is an independent, not-for-profit organization, whose primary mission is to raise funds for the University, provide direct and indirect support to the University that is not entirely reflected in the University’s Statement of Revenues, Expenses, and Changes in Net Assets. Expense items paid on behalf of the University by the Foundation include expenses such as travel, supplies, equipment, books, and construction. Total University support provided by the Foundation was approximately $2.3 million and $3.4million in 2012 and 2011, respectively. The Foundation’s financial statements are not included in the accompanying financial statements of the University.” (Source)

Top Pittsburg State University Foundation, Inc. Endowment Fund Headlines:

1) Feb 5, 2015 – The PSU Foundation announced the selection of its new interim president and CEO on Thursday. Kathleen Flannery has been named interim President and CEO of the Pittsburg State University Foundation, Inc. The move comes following last Friday’s announcement that Flannery had been appointed as the interim Vice President for University Advancement. “Our board members have a great deal of respect for Kathleen,” said PSU Foundation Chairman Charlie Myers in a press release. “She’s proven herself to be a strong and successful leader.” Flannery, who previously served as Executive Director of University Development, expressed excitement about her new position. “I’m honored to have this opportunity,” said Flannery. “The progress Pittsburg State has experienced in recent years is, in no small part, due to the incredible support it receives from private donors and the stewardship provided by the PSU Foundation.” (Source)

2) Pittsburg State University Foundation Incorporated is a tax exempt organization located in Pittsburg, Kansas. Donations to Pittsburg State University Foundation Incorporated are tax deductible. This organization has been in operation for 61 years, which makes it significantly older than other nonprofits in the state. Pittsburg State University Foundation Incorporated has significantly larger assets when compared to other nonprofits in Kansas. This organization last reported to the IRS significantly more income than average compared to other nonprofits in Kansas. (Source)

3) Pittsburg State University’s 2006 Community Campaign will kick off with a breakfast at 7:30 a.m. on Monday, March 6, in the Overman Student Center on the PSU campus. The chairpersons of this year’s campaign, “Partners in Progress,” are Melissa Cedeno from Steffen Michael’s Floral and Dennis Crain of American Concrete, Co.

The Community Campaign is an annual program designed to solicit gifts for student scholarships and academic needs on campus, and is part of an overall private fund-raising program that last year raised more than $11 million to support the university. The money raised helped the Pittsburg State University Foundation award more than $1.7 million in scholarship aid to students last year. (Source)

4) The PSU Foundation has one mission—to support Portland State University. Over 10,000 donors contribute millions of dollars every year to support the University’s students, faculty, programs and facilities. Current fundraising priorities include student scholarships and School of Business Administration and Viking Pavilion and Academic Center renovations.

Created in 1963, the PSU Foundation raises philanthropic gifts, invests them responsibly, and stewards them in accordance with donors’ wishes. Effective July 2014, Portland State University transferred its development responsibilities to the Foundation—creating a single entity responsible for philanthropy to the University. Under the direction of Foundation President/CEO Françoise Aylmer, $104 million has been raised over the last four years, more than tripling private funds to the University and increasing its endowment by $20 million. (Source)

5) As President and CEO of the Pittsburg State University Foundation, Dr. Brad Hodson oversaw the growth of the fund’s total assets from $36 million in 2006 to $91 million in 2014 – a 150% increase through a mix of success in major gift fundraising and endowment investment performance. For his leadership in these accomplishments, PSU received two national CASE Circle of Excellence Awards for Fundraising. (Source)

Portfolio Insights:“Chatham University (University) is a nonprofit educational institution organized under the laws of Pennsylvania. The University’s endowment consists of various investment funds established primarily for the support of its mission. As required by generally accepted accounting principles, net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) Chatham University has a sustainable investment fund that is managed by students who are a part of the Climate Committee. The students can decide based on their knowledge they gained as members of the Climate Committee, which socially and/or environmentally responsible investments Chatham University should make. Originally proposed to Climate Committee in 2011, the fund has been approved and will be accepting proposals for 2013. (Source)

2) Chatham University’s endowment value increased by 29 percent. It grew from $75 million to $97 million, owing in large part to a single $15 million gift from the Falk Foundation. (Source)

3) Chatham University in Pittsburgh has received a $15 million grant from the Falk Foundation to support Chatham’s School of Sustainability & the Environment.

This grant, the largest gift Chatham has ever received in its 144-year history, builds upon the major gifts received to-date for Chatham’s School of Sustainability & the Environment and the new Eden Hall Campus from individuals and foundations including The Eden Hall Foundation, the Richard King Mellon Foundation, the McCune Foundation, Dollar Bank and PNC Charitable Trust among other supporters.

With this transformational capital gift, Chatham University will create the Falk Sustainability Endowment to support academic programs in Chatham’s interdisciplinary School of Sustainability & the Environment and help fund campus construction at Eden Hall Campus.

In honor and recognition of this gift, Chatham’s School of Sustainability & the Environment will also be renamed, the Falk School of Sustainability at Chatham University.

The Falk Foundation’s relationship with Chatham, which extends nearly half of Chatham’s existence, started in 1952 with the funding of Chatham’s Falk Hall, named in honor of Laura Falk, wife of the Falk Foundation’s founder, Maurice Falk (Braun Hall, the building adjacent to Falk Hall, is named in honor of Arthur Braun, an early Falk Foundation director and chair of Chatham’s Board of Trustees). (Source)

4) The Hillman Foundation Inc. has awarded a $2.95 million grant to Chatham College for endowment and operations support of what will become the Pennsylvania Center for Women, Politics, and Public Policy, according to an announcement by Dr. Esther L. Barazzone, Chatham President. As a result, the grant will enable the College to more fully integrate the Center’s current work in fostering the civic involvement of women in the political process into the curriculum. At the same time, the grant will broaden the Center’s mission to affect public policy to improve the status and impact of women in western Pennsylvania and throughout the state.

“Building upon the legacy and excellent work of the Center for Women in Politics in Pennsylvania and our endowed The Elsie Hilliard Hillman Chair in Politics, this grant will enable Chatham College to place the status of women in our region and in our state on the forefront of the public agenda,” Dr. Barazzone said. “The reconceived Pennsylvania Center for Women, Politics, and Public Policy will fill a critical policy gap by collecting and organizing information about women to help formulate public policy recommendations, while continuing to foster the active engagement of women in politics at all levels.” (Source)

5) Esther Barazzone became President of Chatham University in 1992, after a career as a faculty member and administrator at Hamilton and Kirkland Colleges, the University of Pennsylvania, Swarthmore College and Philadelphia University. Dr. Barazzone holds a Ph.D. and M.A. in European Intellectual History from Columbia University, where she was a Fellow of the Faculty. Dr. Barazzone was a Charter Scholar in the first graduating class of New College in Sarasota, Florida, where she earned her B.A. in Philosophy and History. She received a US Student Fulbright award to Spain and studied at the Wharton School of Business Administration and at Harvard University’s Institute for Educational Management.

Dr. Barazzone has led Chatham through a period of major institutional renewal and expansion leading to national recognition and elevation to university status in 2007. Since 1992, the institution has added graduate programs through the doctoral level, reinvigorated its undergraduate program, renewed and expanded its physical campus and infrastructure, engaged in significant fundraising, and assumed a new leadership role in the local and national community. (Source)

Portfolio Insights:“Middle Tennessee State University’s annual financial report presents a discussion and analysis of the financial performance of the University during the fiscal year ended June 30, 2014, with comparative information presented for the fiscal years ended June 30, 2013.

Middle Tennessee State University Foundation’s endowment consists of 585 individual funds established for a variety of purposes. The endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by GAAP, net position associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) Middle Tennessee State University, situated at the geographic center of the state in Murfreesboro, is the oldest and largest institution in the Tennessee Board of Regents system. With an enrollment of about 23,000 students, it is the No. 1 producer of graduates for the Greater Nashville economy. (Source)

2) Dr. Sidney A. McPhee, the tenth President of Middle Tennessee State University, has presided over one of the most remarkable periods of growth and progress in the institution’s century of service.

During McPhee’s presidency, which began in 2001, MTSU has become the largest undergraduate university in Tennessee and the No. 1 producer of graduates in the Tennessee Board of Regents system. MTSU is also the top destination for transfer students in Tennessee, the state’s veterans and boasts the state’s largest summer session enrollment.

McPhee’s presidency also coincided with more than $400 million in improvements in academic, athletic and campus facilities – either proposed, under construction or competed – including the 250,000-square-foot, $147-million Science Building set to open in January 2015. (Source)

3) Brad Bartel, Ph.D. serves as University Provost at Middle Tennessee State University. The mission of the Division of Academic Affairs is to provide quality academic programs consistent with the University’s mission. To accomplish this mission, the Office of the University Provost provides leadership and management to support instruction, research, public service, institutional effectiveness, and international affairs. (Source)

4) Gifts to the endowment are a wonderful way to demonstrate your support and enthusiasm for Middle Tennessee State University. By creating an endowed fund, you make a gift that will support MTSU in perpetuity. A minimum gift of $25,000 is required to establish a new endowment. The endowment is managed by the MTSU Foundation Board Finance Committee. The committee currently uses a long term investment strategy of earning a total average return of 9%, of which 4.5% is given annually to the designated project, 1% is used for management fees, and the balance is returned to the principal of each fund in order to grow the account and keep pace with inflation over time.

Endowed funds may be created for scholarships, fellowships, lectureships, professorships, chairs, and many other educational purposes. You will have the opportunity to name the endowed fund. Donors often use this occasion to honor and memorialize loved ones. Once you and the university have agreed on the distinct purpose of the fund, you can be confident that MTSU will follow your expressed wishes throughout the life of the endowment. (Source)

5) The mission of the BRAA is to strengthen Middle Tennessee State University’s commitment to student-athlete excellence both academically and athletically. Through their BRAA involvement, volunteers, fans, alumni and former student-athletes collectively seek to provide the operational and scholarship funding that is vital for all 17 varsity sports. (Source)

Portfolio Insights:“Lake Forest College (the College) is a co-educational undergraduate institution offering students the opportunities and challenges of a liberal arts education. Located 30 miles north of Chicago, Illinois, the College was founded in 1857. The College draws a diverse student body from virtually all states of the Union and a considerable number of foreign countries. The College’s endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments.” (Source)

1) Stephen D. Schutt, the 13th president of Lake Forest College, was inaugurated in 2001. Under his leadership enrollment has increased by nearly 300 students, from 1239 to 1530; applications have more than doubled, from 1600 to 3500; the College has completed two development campaigns, including a Sesquicentennial Campaign that surpassed its $100 million goal a year early in 2011; and the College has invested $100 million in campus facility improvements. Faculty have developed nearly a dozen new majors or minors during President Schutt’s tenure, as well as a series of innovative joint, accelerated degree programs with prestigious graduate and professional schools. The College has also developed three key on-campus centers, including a Center for Chicago Programs that helps students and faculty take advantage of the Windy City’s educational resources; the Gates Center for Leadership and Personal Growth; and an Ethics Center. Six new off-campus programs have also been established under President Schutt, in China, New Zealand, Spain, Tunisia, the Mexican border, and the Chicago Loop. (Source)

2) Lake Forest College Alum donates $7 million to the school, upon her death. Grace Groner lived to be 100 years old, remembering black and white television, segregated schools, changes in politics, decades of fashion, and The Great Depression. Crediting the Great Depression with her exceptional ability to be frugal, the Chicago Tribune says that Grace Groner bought her clothes at yard sales, walked instead of buying a car (could be the reason she lived so long!), and lived in a tiny barely furnished one-bedroom house for many, many years. (Source)

3) Dr. Michael T. Orr, Professor of Art History and Special Assistant to the President at Lawrence University will become Lake Forest College’s next Krebs Provost and Dean of the Faculty, for an initial four-year term beginning this coming summer.

“Michael Orr is the very best person to provide the academic leadership we will need in the future,” said President Stephen D. Schutt of Orr’s appointment. “He will be a great successor to Janet McCracken, who has served the College with such dedication and skill for the past six years.”

Born and raised in Great Britain, Michael Orr received his B.A. with honors in the history of art from University College London. He then came to the United States and received M.A. and Ph.D. degrees in art history from Cornell University. As an active and productive scholar, he has specialized in medieval English art and has a wide variety of publications to his credit, including book chapters, articles, scholarly papers and three co-authored volumes in An Index of Images in English Manuscripts from the Time of Chaucer to Henry VIII, c. 1380 – c. 1509 [Series editor: Kathleen L. Scott (Turnhout: Harvey Miller/Brepols)]. His latest work, a co-authored chapter on the methods used to illustrate and decorate late medieval English manuscripts, is scheduled to be published this year by Cambridge University Press. (Source)

Lapsus Undone investigates themes of absence, presence and transformation as distinctly explored by these four artists through various media including installation, photography, video and mixed media. The exhibition, curated by the College’s Museum/Gallery Practicum course taught by Lia Alexopoulos, will run through Saturday, Dec. 14. The artists will discuss their work at the Durand Art Institute on Thursday, Nov. 21, at 7pm.

This exhibition is made possible by the generous support of the John and Katherine Covington Memorial Fund. Established in 1992, the Fund honors the memories of John and Katherine Covington, their special involvement with Lake Forest College and interest in the arts. (Source)

5) Doni Fordyce-Urfirer ’81, of Greenwich, Connecticut and Craig P. Omtvedt of Lake Forest, Illinois, will serve on the College’s Board of Trustees through 2017. Lake Forest, Ill. – Lake Forest College is pleased to welcome two outstanding individuals to the Board of Trustees. Doni Fordyce-Urfirer, a Lake Forest College alumna and resident of Greenwich, Connecticut, is a Founding Partner of Stone Key Capital, an investment firm focused on the government and commercial technology sectors. She has two decades of senior executive and investment management experience, most recently as a founding partner and Executive Vice President of L-1 Identity Solutions. She previously served Bear Stearns Asset Management as CEO, President and COO; and Goldman Sachs as a Vice President. Ms. Fordyce-Urfirer is on the advisory board for RSR Partners. She is also a past director of the U.S. Department of Defense Investment Board, The Big Apple Circus and BISYS Group. Ms. Fordyce-Urfirer graduated from the College in 1981, with majors in mathematics and economics, and has served as a member of the College’s Investment Committee for the past several years. (Source)

Portfolio Insights:“Boise State University (the “University”) is a publicly supported, multi-disciplinary institution of higher education recognized by the Carnegie Foundation for outreach and community engagement. The University has the largest student enrollment of any university in Idaho, with an official enrollment of 22,003 for the fall semester of fiscal year 2014 (Fall 2013 ) as compared to 22,678 for fiscal year 2013 (Fall 2012 ).

Investments in equity and debt securities that have readily determinable fair values are recorded at quoted market prices. Investment securities without quoted market prices are valued at estimated fair value using appropriate valuation methods that consider the underlying assets and financial reports.” (Source)

1) The $2 million loan, invested through the Boise State University Foundation’s endowment in 2011, has earned more than $131,000 which will be used by the university’s College of Health Sciences to create 10 scholarships for graduate students and 31 undergraduate scholarships for students pursuing nursing and other health-related degrees. The scholarships will primarily be awarded based on financial need. These scholarships will be the first awarded at Boise State through this program. (Source)

2) Chris J. Anton has been appointed chief operating officer of the Boise State University Foundation, a nonprofit organization that inspires, generates and prudently manages private support for Boise State. In his new position, Anton is responsible for leading the foundation’s operations. He reports directly to the board of directors, while consulting regularly with university leadership to ensure coordinated and complementary advancement efforts on behalf of the university. In his role, and in conjunction with the board of directors, he provides vision, identifies objectives and leads the foundation in a manner consistent with its purpose, mission and goals. Most recently, Anton served as senior investment advisor for ClearRock Capital, which provides wealth management solutions for nonprofit organizations, individuals, families, trusts, estates and retirement plans. Before that, Anton served as the College of Idaho’s vice president of finance and administration for seven years. (Source)

3) Boise State University recently was awarded a $1 million endowment from the Bernard Osher Foundation to provide about 25 scholarships annually for students who are re-entering college.

Previously, the Osher Foundation has provided annual funding for the scholarships through a $50,000 grant, with all of the funding being distributed as scholarships each year. With this gift, the Boise State University Foundation will invest the money though its endowment and provide scholarships with the annual interest earnings, preserving the gift as principal in perpetuity.

“These scholarships are a wonderful development for adult learners who are returning to the classroom after time away,” said Mark Wheeler, Boise State’s dean of Extended Studies. “This particular group often has a high need for scholarship assistance but a difficult time finding scholarships for which they qualify. This program will provide re-entry students with scholarships for generations.”

The gift is the most recent recognition of Boise State’s partnership with the Osher Foundation, which previously provided a $1 million endowment for the operation of the Osher Lifelong Learning Institute at Boise State, the only Osher Institute in Idaho. The recent gift also addresses a key strategic focus for Boise State – support for scholarships. (Source)

4) Boise State University Foundation, Boise, Idaho, hired Mellon Capital Management to run $30 million in indexed mutual funds: a Russell 3000 fund, EAFE fund and Lehman Aggregate bond fund. No breakout was given on how much would go into each.

The $40 million endowment also hired Key Trust to run $10 million in an S&P 500 index fund, said a foundation spokeswoman.

Funding comes from two active managers she did not name; the Money Market Directory lists the foundation’s active managers as Burroughs & Hutchinson and Mountain Pacific Investment Advisors.

The change to passive management was made because investing in index funds is cheaper and the record indicates index funds are going to do better than active managers, said Robert Fritsch, executive director of the endowment. (Source)

5) Aug 26, 2013 – The Boise State University Foundation has appointed is board of directors for the 2013-14 academic year.

New board members are John Grizzaffi, president and general manager of Stein Distributing Company; Jay Hawkins, vice president of Micron Technology; George Juetten, retired executive vice president and chief financial officer of Washington Group International; and Dr. Louis “Jim” Voulelis, president of Anesthesia Associates of Boise.

Portfolio Insights:“Pacific Lutheran University (the “University”) is a private non-profit institution that offers a full range of liberal arts academic programs to undergraduate and graduate students.

The University’s endowment consists of 453 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the governing board to function as endowments.” (Source)

1) The Pacific Lutheran University relies on its endowment to provide support in perpetuity for a host of needs, including financial aid, research and faculty development. The principle of the endowment is never spent; only interest income is used for spending needs. Only 82% of the annual university budget is funded by tuition. Gifts to the university, many of which are invested in the endowment portfolio, fund 8% of the total annual university budget. The income from the endowment provides the university with greater financial stability and allows the university to implement its long-range plans. Most endowment gifts made to Pacific Lutheran University programs are pooled for investment purposes, creating a vehicle similar to a mutual fund. As gifts are invested in the pool, they effectively buy “shares” of the endowment. Each share is issued at a net asset value, allowing the university to “unitize” the endowment to calculate the value of its underlying investments. The university then manages these pooled funds. A small part of the university endowment is composed of non-pooled funds, which are held in trust by outside managers. This includes charitable trusts that are professionally managed for the benefit of more than one institution. While the university is entitled to an income from the contractually set portion of the trust, it is unable to make decisions regarding the management of those assets. (Source)

2) Gifts to the University’s endowment are not spent, but carefully invested to yield a steady, reliable source of income in perpetuity. As of May 31, 2013 the total value of the PLU endowment was $71 million.

Endowment income provides financial stability and allows the University to implement long-range plans. The endowment is also meant to provide cash to fund scholarships, undergraduate research, equipment, lectures, athletic facilities, some faculty positions, global education and other university programs. (Source)

3) The Board of Regents met Feb. 29 to receive the unanimous recommendation of the presidential search committee and elected Thomas W. Krise, formerly of St. Thomas, to be the thirteenth president of Pacific Lutheran University.

“His experience, his proven leadership ability and his understanding of the values and aspirations of the university make Thomas Krise a perfect fit with PLU,” said Bruce Bjerke ’72, chair of the Board of Regents. “I know the campus community will quickly embrace President Krise as we work together to meet the challenges and the great opportunities of the decade ahead.”

Thomas Krise, 50, has been Dean of the College of the Pacific, the arts and sciences college of the University of the Pacific in Stockton, California, since 2008.

He graduated from All Saints Cathedral School on St Thomas, Virgin Islands, (1979) and then earned a B.S. (1983) in history from the U.S. Air Force Academy, an M.S.A. (1986) in management from Central Michigan University, an M.A. (1989) in English from the University of Minnesota, and a Ph.D. (1995) in English from the University of Chicago. He is a member of the Phi Beta Kappa Society. (Source)

4) Pacific Lutheran University is a private university offering liberal arts and professional school programs located in Parkland, a suburb of Tacoma, Washington. (Source)

5) As a university of the first rank, Pacific Lutheran University seeks to maximize the achievement of its mission and become an internationally renowned model of the New American University, purposefully integrating the liberal arts, professional studies, and civic engagement.

As a Student Affairs division of the first rank, we are innovative professionals who engage students in effective programs and services that encourage lives of meaning and purpose which transform communities and the world. (Source)

Portfolio Insights:“Saint Michael’s College (the College), founded in 1904 by the Society of Saint Edmund and conducted under its auspices, is an independent nonprofit educational institution chartered by the State of Vermont. The mission of the College is to contribute through higher education to the development of human culture and enhancement of the human person in the light of Catholic faith.

The College’s endowment consists of approximately 200 individual funds established for a variety of purposes, including both donor-restricted endowment funds (true endowment) and funds designated by the Board of Trustees to function as endowments. Net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) Nineteen Saint Michael’s College students were awarded $3,700 each, from the college to enable them to carry out individual research projects with their professors over the summer. The grants totaling some $70,300, with living allowance on top of that, are titled Vice President for Academic Affairs (VPAA) Research Fellowships. Recipients were determined through a competitive process and were awarded by the Saint Michael’s College Undergraduate Research Committee.

Sixteen of the 19 grants were funded by the VPAA fund, and three by the Alumni Fund for Undergraduate Research, a fund established in 2009 by Shelia and Mark Nelson (Saint Michael’s 1991 graduate) to promote faculty-mentored student research.

Subjects ranged from lab science to fiction writing, from such topics as using quasars to visualize distant galaxies to the impact of ‘fracking’ on agriculture, from the literary impact of the King James Bible on John Milton to the impact of nicotine on coping styles, from sediment effect on Vermont streams to perceptions of health care in Vermont’s refugee community. (Source)

2) Saint Michael’s College is entering the next chapter in its long history of welcoming military men and women home to its campus: A successful recent campaign has raised more than $200,000 in commitments to fund a new Coordinator of Veterans Services position in the college’s student affairs and admissions offices focused on the recruitment and retention of veterans and active duty military personnel.

This new push, spearheaded by the Institutional Advancement Office with college-wide cooperation from many offices, is being called the “30 x 15 Initiative,” so named because of the College’s goal of having 30 veterans enrolled by 2015 with the ability to sustain that number going forward.

Todd Johnstone-Wright, the Wilderness Program’s longtime director and an Army veteran of Operation Desert Storm, for years has been acting as informal liaison to the handful of student veterans presently on campus, but between his Wilderness activities and new duties as associate dean of students, he just hasn’t felt able to do the job the way he feels it should be done for veterans. (Source)

3) Dr. John J. Neuhauser was named president of Saint Michael’s College in 2007 after serving as University Professor of Boston College. Professor Neuhauser was academic vice president and dean of faculties at Boston College from 1999 to 2005 and, before that, dean and professor of Boston College’s Carroll School of Management from 1977 to 1999.

During his six years as academic vice president and dean of Boston College, Dr. Neuhauser was responsible for the leadership of 670 full-time faculty members in seven schools and colleges. As dean of the School of Management, he led a redesign of the MBA program to promote socially responsible, ethical management and to offer several joint degree programs: MBA-MSA, MBA-JD and MBA-PhD. (Source)

4) It is the mission of Saint Michael’s College to contribute through higher education to the enhancement of the human person and to the advancement of human culture in the light of the Catholic faith.

Saint Michael’s College is a multicultural community which values each individual, celebrates diversity, encourages high ethical standards, instills a passion for justice and shapes a campus-wide environment of responsibility, and compassion. Through the efforts of various groups on campus, such as the Multicultural Committee, which is composed of staff and faculty, the College provides ongoing educational opportunities, events, and programs to increase awareness of and appreciation for the rich diversity of humankind. (Source)

5) Moody’s Investors Service has affirmed its Baa1 rating on Saint Michael’s College $50.4 million Series 2012 Refunding Revenue Bonds issued by the Vermont Educational and Health Buildings Finance Agency. The outlook is stable.

The Baa1 rating is based on Saint Michael’s College’s established market position with expectations for stable enrollment for fall 2014, a management team that engages in multi-year forecasting, and satisfactory financial resource cushion relative to debt and operations. Offsetting credit challenges include a highly competitive student market and demographically challenged region, leading to a weak yield on admitted students of 15% and multiple years of stagnant net tuition revenue growth expected to continue in the near-term. (Source)

Portfolio Insights:“Appalachian State University, a constituent institution of the multi-campus University of North Carolina System (UNC System), is pleased to present its financial statements for fiscal year 2012. These statements are prepared in accordance with standards issued by the Governmental Accounting Standard’s Board (GASB).

Investments of the University’s endowment funds are pooled, unless required to be separately invested by the donor. If a donor has not provided specific instructions, state law permits the Board of Trustees to authorize for expenditure the net appreciation, realized and unrealized, of the investments of the endowment funds.” (Source)

Top Appalachian State University & Foundation Endowment Fund Headlines:

1) Two North Carolina schools were included on a U.S. News & World Report list of the country’s “most efficient” colleges and universities. In the “Regional Universities (South)” category, Appalachian State University was No. 1 and UNC-Wilmington was No. 4. The analysis looked at schools that scored well for undergraduate educational quality in the magazine’s 2015 Best Colleges rankings but that “spent relatively less on their educational programs to achieve that quality.” Specifically, U.S. News defined “operational efficiency” as an institution’s fiscal 2013 per-student financial resources — money spent on instruction, student services, research and related areas — divided by its overall 2015 Best Colleges score. Appalachian State, located in Boone, spent just under $163 per student for each point in its overall U.S. News score. UNC-Wilmington spent about $206. (Source)

2) Following a national search, Chancellor Sheri N. Everts has named Douglas Gillin director of athletics at Appalachian State University. He will begin his new duties April 6.

Gillin has been deputy athletics director at the University of Missouri since 2012, was assistant marketing director from 1999-97 and general manager of Mizzou Sports Properties from 1997-99. He also has held posts at Lehigh University and the University of New Mexico, in addition to managerial roles with ISP-Syracuse Sports Properties.

In 2002, he joined ISP Sports Winston-Salem and was named executive vice president in 2007. ISP Sports became part of IMG in 2010. IMG is the country’s leading collegiate multimedia, marketing and licensing/brand management company. Gillin was IMG-Winston-Salem senior vice president-college properties until 2012.

“I commend the search committee members for their hard work and welcome Doug to this amazing university,” said Chancellor Sheri N. Everts. (Source)

3) Appalachian State University (ASU) is a medium-sized university in Boone, North Carolina with an enrollment of around 17,000 students. It is a member institution of the University of North Carolina. The main campus of the university is situated on 410 acres, with an additional 900 acres of land holdings in the immediate area. The university holdings also include an off-campus center in New York City.

In addition to the numerous classroom, dormitory, and administration buildings, Appalachian State University is home to the Appalachian Cultural Museum, the Carol Grotnes Belk Library and Information Commons, a butterfly garden and wildflower garden, an art gallery, and the Turchin Center for the Visual Arts. (Source)

4) D. Terry Rawls will join Appalachian State University March 2 as executive director of educational outreach and summer programs. Rawls will be replacing Mary Englebert who retired in December 2014. He will be responsible for the activities, programs, and operations of the division, including the offices of distance education, conference and camp services and summer sessions and the North Carolina Center for Engineering Technologies. He also will serve as the director of distance education.

Rawls has been president of Strategic Transitions Group Inc. since 2013.

He was president of Patten University, an online degree-granting institution, from 2012-13. He was senior vice president and chief academic officer of Heald College, a for-profit institution, from 2010-12. He also has served as a vice chancellor at Jones International University and as president and academic dean of The College for Public Leadership, and has held various academic posts at Central Michigan University. (Source)

5) L. Allen Dobson Jr., M.D., president and chief executive officer of Community Care of North Carolina (CCNC), will be the speaker for the Blue Cross and Blue Shield of North Carolina Distinguished Lecture Series at Appalachian State University.

The event, sponsored by the College of Health Sciences and supported by Blue Cross and Blue Shield of North Carolina, will be held Friday, April 24, at 11 a.m. in the Holmes Convocation Center on campus. The lecture is free and open to the public.

Dobson will talk about the changing healthcare landscape in North Carolina and how CCNC helps the state improve care delivery and get more value for its healthcare dollar. (Source)

Portfolio Insights: “Roger Williams University (the University) is a private, liberal arts university that includes the College of Arts and Sciences, five professional schools, and The Roger Williams University School of Law.

The University’s endowment consists of approximately 80 individual funds, established for a variety of purposes, including both donor-restricted endowment funds (true endowment) and funds designed by the Board of Trustees to function as endowments.“ (Source)

1) Roger Williams University in Bristol, Rhode Island, has received a $7 million endowment gift — the largest single gift in the university’s history — from its board chairman, Ralph R. Papitto.

Mr. Papitto’s gift will help fund a range of programs at the school, with the largest portion set aside for need-based scholarships to the Ralph R. Papitto School of Law. In addition, the gift will be used to enhance the university’s general endowment in support of the schools of arts and sciences, business, architecture, engineering, education, and justice studies.

“Without his financial acumen, personal generosity, and leadership, we would not have been able to expand from a liberal arts college to a comprehensive university or accomplish the other advances of recent years,” noted university chancellor Dr. Anthony J. Santoro. (Source)

2) Bristol-based Roger Williams University is planning to renovate and lease One Empire Plaza, more than doubling its presence downtown for adult learners when it opens in May of 2016.

At a rental cost of about $23 million over 12 years for its law, continuing studies and community outreach programs, the university will lease from property owner Berkeley Investments Inc., 76,566 square feet of space that was formerly home to the failed 38 Studios. About $11 million will be spent on renovations, RWU President Donald J. Farish said in a press release.

The new, renovated site will replace RWU’s current location downtown at the Metro Center at 150 Washington St. (Source)

3) Roger Williams University is expanding its presence in Providence. The school is moving into the former home of 38 Studios. One Empire Plaza is best known as the headquarters for the now defunct videogame company 38 Studios. The building will house the Roger Williams; center for continuing studies, graduate programs, and the Latino Policy Insititute. President Donald Farish said the new location will better serve adult and non-traditional students. “If we were doing things out of Bristol, we’d simply become inaccessible to huge portions of the state.”

Farish said he’s excited to bring new life to the building. “I’m looking forward to the day where that building is no longer identified as the 38 Studios building and we can talk about it as the Roger Williams downtown campus building. We did look for any trace of bloody socks but didn’t find any,” said Farish; referring to the blood-stain sock baseball pitcher and former 38 Studio’s owner Curt Schilling wore in the 2004 World Series. The school plans an 11 million dollar renovation, with an opening expected for May 2016. (Source)

4) Roger Williams University is an independent, co-educational institution with a focus on undergraduate learning, paired with strong, related master’s degree programs. The University is also home to Rhode Island’s only law school. At RWU, liberal arts education is paired with education for the professions, providing an interdisciplinary educational model where both courses of study are enhanced by their integration and the recognition of their unity.

No matter what their major, all Roger Williams students develop the problem solving, reasoning, communications and teamwork attributes that employers seek. Outside the classroom, our students avail themselves of a full complement of co-curricular, athletic, social and experiential, pre-professional opportunities and resources — all on a beautiful, 143-acre waterfront campus. (Source)

5) Roger Williams University has named educator Andrew A. Workman, Ph.D. its provost and senior vice president, a role in which he will oversee all academic affairs responsibilities for the University.

Dr. Workman will report to RWU President Donald J. Farish, Ph.D., J.D., and serve as a key member of the senior administrative team at Roger Williams. He comes to the University from Mills College in Oakland, Calif., where he has served as vice provost since 2007.

“The search committee did a wonderful job and provided me with the names of four outstanding candidates for provost,” Dr. Farish said. “In the end, however, it was Andy’s enthusiasm, energy, warmth and proven competence as an academic administrator that made him stand out. I have every confidence he will prove a wonderful and effective colleague for both our faculty and our administrative team.” (Source)

Portfolio Insights:“St. Edward’s University, Inc., (the “University”), founded in 1885 by the Congregation of Holy Cross, is a nonprofit Catholic institution located in Austin, Texas. The University offers classes that lead to bachelors and masters degrees and is accredited by the Commission on College of the Southern Association of Colleges and Schools.

The University’s endowment funds are maintained in an investment pool, which is utilized on a market value basis, with each participant subscribing to or disposing of units on the basis of the market value per unit at the end of the month. Income and gains/losses are distributed to each endowment based on the number of shares held.” (Source)

1) The St. Edward’s University endowment pools together donors’ and institutional investments. The invested amount, called a corpus, is never expended so that the endowment will remain in perpetuity — and the university’s fiscally responsible spending policy helps to ensure that market gains continue to significantly impact students’ educational experiences.

As St. Edward’s reputation increases, we increasingly compete with universities that have significantly larger endowments, which allow them to offer more generous financial aid packages for the most sought-after students, more professional development programs that attract talented faculty, and more innovative programming. A larger endowment will provide a long-term source of funding so that we may continue to provide competitive services for talented students. Benefactors who support the endowment help today’s Hilltoppers while also sustaining the hallmarks of our Holy Cross educational tradition for future generations: personalized attention, values-based learning opportunities, and global awareness. (Source)

2) Feb. 14, 2013 – St. Edward’s University today announces a cash gift of $20 million that will provide scholarships for up to 150 students per year. The generous gift, provided by Pat and Bill Munday of Austin, is the largest single gift in the university’s history.

“Through their extraordinary generosity and commitment to providing young men and women educational opportunity, Bill and Pat Munday have made it possible for St. Edward’s to continue its mission of providing talented students access to higher education no matter what their financial circumstances,” said George E. Martin, president of St. Edward’s University.

The $20 million cash gift provides an immediate infusion to the university’s endowment resulting in a 38% growth, and raising the endowment to $76.8 million. The new scholarship awards will be approximately 25% of tuition. It is estimated that between 125 and 150 students annually will benefit from the new scholarship funds. (Source)

3) A major St. Edward’s University fundraising campaign is near its goal. The campaign, announced in February, has raised $75.3 million toward its goal of $100 million, according to University Advancement.

“You tend not to announce to a lot of people until you have a certain degree of confidence that you will succeed,” Vice President for University Advancement Michael Larkin said, explaining why the university chose to announce the campaign seven years after they began it.

The campaign began in 2007 when the Office of University Advancement actually started counting toward this goal. The campaign has three major fundraising portions: annual operating support, capital projects and endowment growth.

Larkin and Joe DeMederios, the associate vice president of University Development, are the heads of University Advancement at St. Edward’s, where they work specifically to grow the university’s endowment. Despite misconceptions, the donors they work with aren’t just writing checks.

“The biggest myth is people think that we call somebody on the phone and ask them to write a check. We have phone-a-thon students who, in fact, do that. That’s not what we do,” Larkin said. (Source)

4) As international borders dissolve and technology and media explode daily, the mission of St. Edward’s University and a Holy Cross education continue to transcend the times. The tectonic shifts of a global, interconnected world will require thoughtful minds, caring hearts and clarity of leadership. The value of a St. Edward’s University Catholic, liberal arts education and its ability to instill the critical skills that flex, bend and weather life’s tests has never been more apparent.

St. Edward’s University is an independent Catholic university that welcomes qualified students of all ages, backgrounds and beliefs and serves a culturally diverse student body. The university’s undergraduate programs achieve a balance among the humanities, the sciences and the professions. These programs seek to make graduates competent in a chosen discipline and to help them understand and appreciate the contributions of other disciplines. Graduate and professional development programs prepare individuals to further their life goals and to take advantage of more challenging employment opportunities. (Source)

5) Recognized among the nation’s best Catholic universities and colleges, and as one of “America’s Best Colleges,” St. Edward’s University stands distinctively as a top liberal arts university, with partner universities in 11 countries.

The Congregation of Holy Cross founded St. Edward’s more than a century ago, encouraging students to think critically, act ethically, embrace diversity, strive for social justice and recognize their responsibility to the world community. These traits, combined with challenging academic programs in the arts, sciences and humanities, distinguish a top liberal arts university, and prepare students for success and deep personal fulfillment. (Source)

Portfolio Insights:“The WSU Foundation is a 501(c)(3) nonprofit corporation whose mission includes the cultivation, solicitation, stewardship, management and distribution of private gifts for the exclusive benefit of Wright State University (“WSU” or the “University”).

During the fiscal year ended June 30, 2013, the value of the Foundation’s endowment increased more than 9%, finishing the year with a value of $84.2 million. Once again, strong investment earnings, coupled with a sharp net decline in the amount appropriated for expenditure, provided the greatest impetus to this increase. Unprecedented losses experienced during fiscal years 2008 and 2009 have reduced the values of some of the Foundation’s endowment funds to less than the amount originally donated, a condition known as “underwater endowments.” (Source)

Top Wright State University Foundation, Inc. Endowment Fund Headlines:

1) David R. Hopkins previously served as provost of Wright State University from 2003 until his appointment as president in February 2007.

A central theme to his administration has been the creation of a culture for innovation throughout the university that is reflected through the development of several Centers of Excellence. Six of these multidisciplinary units have been designated Ohio Centers of Excellence by the state and reflect a commitment to technology-based economic development by attracting and retaining national researchers, educators, artists, students, and investments to produce a quality of life conducive to future growth that will transform our region.

These centers incorporate current and future collaborations with business, industry, and government in such areas as human-centered innovation, medical readiness, knowledge-based computing, neuroscience, product reliability, micro air vehicle research, and visual and performing arts innovation and leadership. (Source)

2) Sundaram Narayanan, former dean of the College of Engineering and Computer Science who helped create and lead the Wright State Research Institute, began serving as university provost March 18, 2013.

The appointment marks the continuation of an exemplary 18-year career at Wright State for Narayanan, Ph.D., P.E.

Narayanan came to Wright State as an assistant engineering professor and served as chair of the Department of Biomedical, Industrial and Human Factors Engineering (BIE) for nine years. He was later appointed executive director of the Wright State Research Institute and then named dean of the College of Engineering and Computer Science, serving both positions concurrently.

Under Narayanan’s tenure as dean, the engineering and computer science college experienced its highest enrollment in its history; the school’s research funding grew by 67 percent from $9 million in 2009 to $15 million in 2012; and the college created Ohio’s only master’s degree program in cyber security.

Narayanan was also instrumental in creating and directing the Wright State Research Institute, which in five years has grown to more than 75 employees with annual research awards of more than $20 million. (Source)

3) Making one of the largest alumni gifts in the history of the university, Wright State graduate Ron Bullock has pledged $3 million to the College of Engineering and Computer Science. Bullock’s gift will help fund the college’s initiatives in engineering design and innovation.

Bullock, a 1970 graduate of Wright State University, is chairman of Bison Gear & Engineering Corporation in St. Charles, Ill. His gift will establish the Bison Gear & Engineering Innopreneurship Laboratory. Scheduled to open in Fall 2016 in the Russ Engineering Building, the Innopreneurship Laboratory will promote creative thinking and problem solving across the various engineering disciplines.

“The Bison Gear & Engineering Innopreneurship Laboratory will play a vital role in the education of Wright State’s engineering students,” said Nathan Klingbeil, dean of the College of Engineering and Computer Science. “This cutting-edge facility will bridge the gap between classroom theory and true engineering practice, providing students with both the creative space and the state-of-the-art technology required to take their ideas from concept to market.” (Source)

4) The Reynolds and Reynolds Co. Foundation has committed $240,000 in scholarships to Wright State University.

The Reynolds and Reynolds Leadership Scholars Program, established in 2009 with a $100,000 gift from the Dayton-based auto dealer software company, is for students entering the school’s College of Engineering and Computer Science. The increased gift is in recognition of the success of the program.

“Attracting highly qualified students and keeping talent in the Dayton region are the goals of these scholarships,” Jon Strawsburg, Foundation trustee and vice president of product planning at Reynolds and Reynolds, said in a news release. “We want to focus on those things that will have a lasting impact on our communities where Reynolds has a significant presence.” (Source)

5) Wright State University will open a new engineering lab in 2016 funded with a $3 million donation from one of its graduates. Ron Bullock, a 1970 graduate, chairs Bison Gear & Engineering Corporation in St. Charles, Ill. He pledged the gift Thursday morning at the school’s Joshi Research Center.

The gift will provide for a new laboratory named for Bullock’s company. The lab, designed to promote creative thinking and problem solving in various engineering disciplines, is scheduled to open in fall 2016. (Source)

Portfolio Insights:“Founded in Wilmington, Delaware, in 1821, Widener University (the University) comprises eight schools and colleges that offer liberal arts and sciences, professional, and preprofessional curricula.

The University records investments at fair value. Long‐term investments are comprised primarily of the endowment fund, which has a fair value of $80,514 and $72,610 as of June 30, 2013 and 2012, respectively and are invested through a fund manager.”(Source)

1) Widener University has been awarded a $1 million endowment and a one-time $50,000 bridge grant from the Bernard Osher Foundation through its Reentry Scholarship Program. The endowment will help fund scholarships for adult students who have previously interrupted their educational studies for reasons beyond their control.

This $1 million endowment was preceded by three annual grants of $50,000 each, which in total have funded 41 scholarships for Widener adult students. Since 2007, The Bernard Osher Foundation has enabled Widener’s University College to provide financial assistance to adults who have the desire to complete their degree, removing a major obstacle to degree completion. (Source)

2) University Crossings, a $50 million Widener University project that is bringing new businesses, services, and more than 100 jobs to Chester. In addition to a projected economic impact of $1 million dollars each year, University Crossings provides over $1 million in property tax revenue to the city and the Chester Upland School District, more than $800,000 in earned income tax revenues from the new jobs created, and $600,000 in business privilege taxes, over the next 10 years. (Source)

3) Widener University recently became the first university in the region to join the Clinton Global Initiative University (CGI University) Network. A consortium, founded by former President Bill Clinton, which provides support and funding to students who are committed to developing solutions for some of the world’s most pressing challenges.

Widener students were invited to develop a plan that addresses an issue at Widener, the community, or around the world and relates to one of five focus areas: education, environment and climate change, peace and human rights, poverty alleviation, or public health. (Source)

4) Widener University is located in Chester, Pennsylvania, about 15 miles south of Philadelphia. The school began as a preparatory school for boys in 1821, became a military academy a few decades later, and is now a coed university with more than 40 undergraduate programs. Students at Widener University can also pursue a variety of master’s degree programs, including business, law and education. Part of Widener University’s mission is to help the local community, so each year, many Widener students tutor and mentor local children, build houses, donate blood and help low-income Chester residents with their taxes.

At Widener University, students can get involved in more than 80 campus clubs, pledge with about 10 fraternities and sororities and play intramural sports. More serious athletes can join the Widener Pride athletic teams, which compete in the NCAA Division III Commonwealth Conference. Esteemed director Cecil B. DeMille, whose films include “The Ten Commandments” and “Cleopatra,” attended Widener when it was known as Pennsylvania Military College. (Source)

5) Widener University is partnering up with a local coffee company in order to launch their own environmentally-friendly coffee. The new coffee will be called “WU Brew,” and is said to come out on April 22, in celebration of Earth Day. Students and professors from the University traveled to Costa Rica in order to learn about environmentally friendly ways to produce coffee. The new coffee will allow students to put their newly obtained information to work. Those interested in purchasing the coffee can order a 12-ounce bag for $13.99. Purchasing the coffee will help support research and service-learning opportunities in order for Widener students to work with farmers in Las Lajas. Owners also offered to donate a portion of each bad sale to the students. Dark roast and medium roast coffees will be available for those interested. (Source)

Portfolio Insights:“Drury University (the University), located in Springfield, Missouri, is a private liberal arts university whose purpose is to train men and women for careers in architecture, business, education, and the arts and sciences.

The University maintains endowment funds which are primarily held and managed by outside money managers and are invested to produce income and growth. Income from the endowments is used, pursuant to direction of the donors and Board of Trustees, to provide additional unrestricted resources to the University or to support donor specific activities.” (Source)

1) Drury University’s most famous alumnus is coming back to Springfield again to make another big donation to the school. Bob Barker will be at the University today, Thursday, May 9, to donate several of his awards, earned during his 50 years in broadcasting. The private event will be held at the Shewmaker Center. Drury says one of the awards being given to the school is “his most meaningful and prized award,” although it was not identified. Barker graduated from Drury with a degree in economics. More recently he returned to the campus in 2007 to receive an honorary Doctor of Human Letters. (Source)

2) Bob Barker was in town this morning to make an announcement at Drury University. KSMU’s Shane Franklin was there and has this story.

“That is the award I received, I know it looks just like a blob of silver, but that is the reward I received when I was installed in the Television Hall of Fame,” said Barker.

This morning, Bob Barker returned to Drury University to donate several of his most prized awards he’s received throughout his lifetime in entertainment. Those include an Emmy and his award for being inducted into the Television Hall of Fame in 2004.

Barker graduated from Drury in 1947 with an economics degree. This is not the first time he’s returned to Drury though. In 2007, Barker was awarded an honorary Doctorate degree from the university. In 2008, Barker came to Springfield to donate $1 million to Drury to establish the Bob Barker Endowment Fund for the Study of Animal Rights. (Source)

3) On Wednesday, Oct. 31, 2012, Drury University officially announced that Dr. David Manuel was selected to lead the university as its 17th president. The selection was the result of a year-long search process. Most recently, Dr. Manuel served as Chancellor and Professor of Economics at Louisiana State University Alexandria.

A native of Louisiana, David P. Manuel earned degrees in economics from Nicholls State University and a M.A. and Ph.D. from University of Mississippi; for thirty-seven years has served in several positions in higher education. He served for eight years (2000-2008) as Vice President for Academic Affairs at St. Mary’s University of San Antonio, TX and ten years before that, served as dean of the Bill Greehey School of Business. (Source)

4) With a $20,000 grant from the Community Foundation of the Ozarks, Drury University will establish Ozarks Carbon Exchange Fund. This locally operated fund will allow individuals or businesses to give a donation to offset some or all of the carbon dioxide that they produce.

Those funds are then used to promote local activities that reduce carbon pollution such as energy efficiency projects or reforestation.

Drury Universitys Students in Free Enterprise (SIFE) team will administer the Ozarks Carbon Exchange Fund by accepting donations and then giving money to individuals or businesses that are investing in carbon offsetting projects. (Source)

5) Drury University hired Calamos Asset Management and Froley Revy Investment each to manage $4.3 million in convertible securities for the $85 million endowment fund, said Richard Dodson, director-financial services. The allocation marks the endowment’s first specific allocation to convertibles. The move was made for diversification, he said. Funding came from a reallocation among existing managers. Prime Buchholz & Associates assisted. (Source)

Portfolio Insights:“Since its founding in 1952, the Virginia Foundation for Independent Colleges (VFIC) has provided generous support for Lynchburg College and its fourteen other member institutions. VFIC contributions are vital to the College’s unrestricted Annual Fund and other programs.

The VFIC also provided the College with support for scholarships, student research, and the library. In 2012-13, the VFIC secured a total of $3,031,351 from many businesses, benefactors, and endowments. Of that sum, Lynchburg College received $154,580.” (Source)

1) Lynchburg College’s endowment remained steady at about $84.5 million from June 2007 to June 2008, said Steve Bright, vice president for business and finance. He acknowledged that the endowment has declined in value since then, but the college focuses on the perpetual nature of the funds and their gradual gains over an extended period of time. “We’re really looking into something called intergenerational equity,” he said. “The important thing is to be having a long-term view. And you don’t panic as much about the present.” (Source)

2) Lynchburg College in Virginia has announced a $5 million bequest from alumnus Walter W. Ridgway Jr. (’48), the largest gift in the school’s 111-year history.

Half of the income from the Walter W. and Josephine Sheffield Ridgway Memorial Fund will be used to provide scholarships to students from Virginia Baptist Children’s Home, Glade Spring Baptist Church, and First Baptist Church in Roanoke. The other half will help support the construction and/or maintenance of new and existing buildings on campus. The college will apply the capital portion of the bequest to the Drysdale Student Center, which is scheduled to open this fall. (Source)

3) The President of Lynchburg College says an alumnus left the school a record-breaking donation in his estate. Roanoke native Walter W. Ridgway Jr. left $5 million, the bulk of his estate, to the college when he died Feb. 23, 2013. Ridgway was 91.

In a statement released by the college, President Garren said, “it is tremendous that an alumnus of the College believed so strongly in L.C. that he wanted to see our College prosper and grow for years to come.” The now second-largest gift given to the college was $4.7 million and college officials say about half of all donations are unexpected.

Under the terms of the donation, the “Walter W. and Josephine Sheffield Ridgway Memorial Fund,” half of the income will be used to provide scholarships to students attending Lynchburg College from the Virginia Baptist Children’s Home, Glade Spring Baptist Church, and the First Baptist Church in Roanoke. The other half is to be used for construction of new buildings or for the maintenance of new or existing buildings on campus. (Source)

4) Dr. Kenneth R. Garren is in his 14th year as president of Lynchburg College, beginning his tenure in 2001 as the College’s 10th president. During his tenure, Lynchburg College’s enrollment has grown at an impressive rate: 32% at the undergraduate level and 169% in graduate programs. Lynchburg College’s liberal arts, sciences, and professional programs promote critical thinking skills, self-confidence, a diverse view of society, and respect for others. (Source)

5) A robust endowment is one of the main factors in ensuring an insitution’s financial and academic strength over the long term. At Lynchburg College, we are committed to increasing our endowment so we can recruit and support the most talented students and faculty and provide our students with an educational experience that prepares them to be effective leaders in their careers as well as in the civic, spiritual, and social dimensions of their lives.

The power of an endowed gift is compelling: It serves the institution in perpetuity. An endowed gift becomes part of the donor’s legacy as it ensures a scholarship year after year; as it enables countless students to study abroad; as it sustains a research program so it can provide sound, longitudinal results; as it provides two cans of red paint every April to touch up the Adironack chairs on the Dell. (Source)

Portfolio Insights:“Niagara University (the “University”) is an independent, coeducational institution offering undergraduate programs through its Colleges of Arts and Sciences, Business, Education, and Hospitality and Tourism Management. Master’s degree programs are offered through the Graduate Divisions of Arts and Sciences, Business and Education.

Investments are reported at fair value. The fair value of investments is determined by reference to various market data and/or as reported by the University’s outside independent investment managers. The fair value of instruments approximates their recorded values, except for alternative investments for which quoted market prices are not available.” (Source)

1) Five Niagara University alumni work to raise $5 million for the Vincentian Endowment Challenge to support. St. Vincent de Paul was an educator and an evangelist who dedicated his life in service to the poor. He was also an accomplished fundraiser. It is this aspect of St. Vincent’s charism that ﬁve Niagara University alumni are emulating as they work to raise $5 million for the Vincentian Endowment Challenge.

Last year, Scott Fina, ’80, and Teresa Niedda, ’84, co-assistant directors of the Vincentian Solidarity Office, invited fellow Niagara alumni Joseph Lesenko, ’80, and Patrick Glemser, ’86, to join a committee that also included Father Sy Peterka, C.M., ’72 (who has successfully conducted annual appeals for the Vincentians in Africa over the past several years), and Father Miles Heinen, C.M., VSO executive director. The committee was charged with raising funds toward a $5 million challenge grant that will create patrimony (endowment) funds to support Vincentian vocations and ministries in several provinces and vice-provinces of the Vincentians in Africa, Latin America, and Eastern Europe. (Source)

2) A $1 million gift from a Vincentian community will be used to establish an endowed scholarship fund at Niagara University, officials announced Tuesday.

The gift is from the Eastern Province of the Congregation of the Mission and represents proceeds from the sale of a retreat house in Michigan, according to a university spokesman.

It will help the university recognize and offer new scholarships to incoming students in good academic standing and with a demonstrated affinity, through participation in service activities in high school, to the university’s Catholic Vincentian mission. The scholarship also will be available for incoming freshmen or current Niagara students who are part of the international Vincentian community. (Source)

3) Niagara University announced Peter van Inwagen, one of the world’s leading philosophers, will deliver this year’s Albertus Magnus Lecture on Thursday, Oct. 20. The free event, presented by NU’s philosophy department, will begin at 5:15 p.m. in the university’s Castellani Art Museum. The address will be focused on the coherence of the Judeo-Christian and Islamic doctrine of the resurrection of the body. (Source)

4) 03/21/13 – The Rev. Joseph L. Levesque, Niagara University president, was presented with a Service Award in December from the Turkish Cultural Center at Buffalo and the Peace Islands Institute in recognition of exemplary services and contribution to the service learning education in fighting poverty.

The Turkish Cultural Center and the Peace Islands Institute co-organized its Fourth Annual Friendship Dinner and Awards Ceremony on Nov. 26, which brought academics, elected officials and other community leaders together to promote diversity, peace and mutual understanding through dialogue. Father Levesque was unable to attend this year’s event, prompting his receipt of the award on Dec. 7.

According to its website, in line with the spirit and passion of the Turkish-American community, the Turkish Cultural Center is dedicated to fostering national and global peace, harmony and security through promotion of education, intercultural understanding, democracy and respect for human rights and dignity. (Source)

5) A gift of $2 million was made Monday to Niagara University by James and Mary Glynn and their family. The university announced the gift during an afternoon media conference. The money will go toward “The Promise of Niagara,” the university’s ongoing $80 million capital-raising campaign.

Specifically, it will support the new Vincentian Scholars Program, which will award an annually renewable $5,000 scholarship to three incoming first-year students. University officials did not say whether the scholarship will be awarded based on merit or financial need.

Students participating in the new program will be involved in a four-year curriculum whereby students will assist local, regional and national organizations working with poor and oppressed individuals. A full-year clinical internship is set to take place during the students’ fourth year of college. In addition to the scholarship program, the funds will support the atrium in Bisgrove Hall, which will be named the Glynn Family Atrium, university officials said. (Source)

Portfolio Insights:“La Salle University (the University) is an independent, coeducational university founded in 1863 by the Christian Brothers, a Catholic order dedicated to teaching and career preparation. The University is committed to academic excellence and individualized attention in a values-based, interfaith educational community.

The University’s endowment consists of approximately 120 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. Net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) La Salle University has launched a $25 million campaign targeted to build a new science and technology center and increase the endowment for scholarships. Over $13 million in gifts and pledges have been secured toward the $25 million goal.

J. Hugh Devlin, a 1964 La Salle graduate, is Chair of the “Shoulder to Shoulder” fundraising initiative. “I have always admired the Christian Brothers, who founded La Salle, and their commitment to providing a Catholic education to good students of modest means so that they can make their way in the world and also make the world a better place,” remarked Devlin, of Fair Haven, N.J. “It is my belief that the values imparted to us by the Christian Brothers – connectedness and giving back – will inspire the alumni community to stand together to advance the mission of La Salle through this important initiative.”

Construction of the new science and technology center will follow the completion of a new $24 million residence and dining facility currently under construction. The new residence halls, which will accommodate 435 students, are scheduled to open in the fall of 2005. (Source)

2) De La Salle University (DLSU) is set to open by the third quarter of 2015 its new P350-million campus located on a narrow strip of land along University Parkway within Bonifacio Global City in Taguig City. DLSU officials and members of the Rufino family led on Friday the ceremonial groundbreaking for the 1,395-square-meter future home of the university’s College of Law, as well as professional and continuing education courses, including graduate programs of Ramon V. del Rosario College of Business. The university won last year’s bidding conducted by the Bases Conversion and Development Authority (BCDA) for the long-term lease and development of the only remaining vacant lot at Bonifacio Global City’s so-called institutional area. The property is adjacent to the Manila Japanese School and near The British School Manila and International School Manila. University president and chancellor Br. Ricardo P. (Source)

3) La Salle University announced today the appointment of Colleen M. Hanycz (pronounced Han-ich) Ph.D., as its first woman and first lay president. Hancyz is currently Principal (a Canadian equivalent of President) of Brescia University College in London, Ontario, Canada. An accomplished attorney and administrative leader as well as a devout Roman Catholic, Hanycz will become the 29th president in the University’s 152-year history.

Today’s historic appointment was announced by William R. Sautter, ’71, Chair of La Salle’s Board of Trustees.

“This is a pivotal moment in La Salle’s history,” Sautter said. “We are very pleased and excited to name Dr. Hanycz as the next President of La Salle University. She is an innovative academic leader with an impressive record as an agent of positive change. She is ideally suited to maximize La Salle’s potential while continuing to honor our distinctive mission and values.” (Source)

4) La Salle University is a Catholic university in the tradition of the Brothers of the Christian Schools. To a diverse community of learners, La Salle University offers a rigorous curriculum and co-curricular experiences designed to help students gain theoretical and practical knowledge, deepen their ethical sensibilities, and prepare for a lifetime of continuous learning, professional success, and dedicated service.

As a Catholic university rooted in the liberal arts tradition, La Salle challenges students to contemplate life’s ultimate questions as they develop their faith, engage in a free search for truth, and explore their full human potential. As a Lasallian university, named for St. John Baptist de La Salle, patron saint of teachers, La Salle promotes excellence in teaching and scholarship, demonstrates respect for each person, nurtures mentoring relationships, and encourages authentic community. As an urban university, La Salle invites students to enhance their academic experience by immersing themselves in the rich resources of Philadelphia and the region. All members of our community are called to maintain a heightened sensitivity to those marginalized within society as they practice civic engagement, provide leadership with a global perspective, and contribute to the common good. (Source)

5) La Salle University announces its plans to build a new $35 million School of Business facility on its main campus in Northwest Philadelphia.

“When complete, La Salle University’s School of Business will be among the most advanced learning facilities for business education in the nation,” says La Salle University President Michael J. McGinniss, F.S.C., Ph.D. “What differentiates this facility is the space planning that places classrooms, gathering areas, and faculty offices in close proximity to each other, fostering personal interaction and mentoring between students and faculty. This focus on mentoring is precisely at the core of the Lasallian Catholic tradition of education.”

“This new building marks a milestone in the rich 150-year history of La Salle University,” says William R. Sautter, La Salle University Chair, Board of Trustees and La Salle School of Business Alumnus. “This building will provide state-of-the-art teaching and experiential learning opportunities that will replicate real-world environments leaving our students better equipped to compete in today’s business world.” (Source)

Portfolio Insights:“Wentworth Institute of Technology, Inc. (the “Institute”), located in Boston, Massachusetts, is a not-for-profit, private educational institution founded in 1904 and accredited by the New England Association of Schools and Colleges. The Institute’s endowment consists of 117 individual funds established for a variety of purposes. The endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments.” (Source)

1) David Blittersdorf, president and CEO of renewable energy systems manufacturer AllEarth Renewables Inc., has donated $1.5 million to fund an endowed professorship at Wentworth Institute of Technology. Blittersdorf majored in mechanical design engineering technology at Wentworth and is a member of the Class of ’77.

“This gift exemplifies David’s determination to support education and give back,” said Wentworth President Zorica Pantić. “And it reflects the vision that has marked his career as a pioneer in solar and wind energy.”

The endowment will create the Blittersdorf Professorship and foster several scholarly initiatives at Wentworth, including the annual Blittersdorf Faculty Award. Blittersdorf cited the Institute’s “do, learn, succeed” ethos and dedication to educating new generations of service-oriented engineers. “Wentworth is inarguably one of the top schools of its kind in the country,” he said. (Source)

2) Wentworth Institute of Technology (WIT) announced an amendment to its institutional master plan (IMP) that would create three new buildings, including an 18-story “endowment” tower, on the corner of Huntington Avenue and Ruggles and Parker streets.

WIT spokespeople sat at a community task force meeting March 12 that they hoped the amendment would be filed with the Boston Redevelopment Authority (BRA) by the end of March, following a request to rezone the area. That BRA filing has not yet been made, according to BRA project manager Katelyn Sullivan. (Source)

3) For more than 30 years, Dr. Zorica Pantić has been an academic entrepreneur, technology advocate, agent for change, and a champion for diversity, making a positive impact at regional, state, and national levels. As Wentworth’s first female president and the first female engineer to lead a higher education institution of technology in the United States, Dr. Pantić’s leadership is exemplified by her strategic thinking and vision for implementing key initiatives and programs that advance educational opportunities for students pursuing studies in engineering, technology, design, sciences, and management.

At Wentworth, Dr. Pantić manages efforts related to 4,000 students and more than 400 faculty and staff and oversees the Institute’s operating budget of $95 million. She is advancing Wentworth’s mission of providing a comprehensive interdisciplinary, project-based education in engineering, technology, design and management that integrates classroom, laboratory, studio, cooperative and experiential learning resulting in a career-ready, skilled professional and engaged citizen. (Source)

4) Wentworth Institute of Technology reports it has landed a $10 million gift from an alumnus. The school plans to use the money to build a student center, which will be named after the donor, William Flanagan.

In 1961, Flanagan founded Nexus Inc., a maker of audio plugs, jacks and push-button switches for the communications industry in Stamford, Conn. Flanagan graduated from Wentworth’s machine construction and tool design program in 1951. Last year, Flanagan sold Nexus to Amphenol Corp., and its name changed to Amphenol Nexus Technologies.

At Wentworth, Flanagan used the machine parts laboratory to make parts for his race car, which he drove professionally, the school said. (Source)

5) Mr. Kenneth D. Roberts serves as Treasurer of Wentworth Institute of Technology. Since December 1988, Mr. Roberts has been an Independent Management Consultant. From November 1992 to June 1995, he served as Vice President and Chief Financial Officer of Foster Miller Inc. From July 1986 to December 1988, he served as Vice President, Treasurer and Chief Financial Officer of Massachusetts Computer Corporation. Prior to that time and for many years, he served as Senior Vice President. (Source)

Portfolio Insights:“Hamline University is a nationally ranked university serving 5,000 students in its four schools: the college of liberal arts, Schools of Law, School of Education, and School of Business. It offers undergraduate, doctorate, and professional degrees, as well as certified and continuing studies programs.

The University has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding while seeking to maintain the purchasing power of endowment assets.” (Source)

1) Hamline University’s president, Linda Hanson, will retire next summer after 10 years on the job, the university announced Monday. Hanson has led the St. Paul-based university through a series of transformations, including the launch of its School of Business and the opening of a second campus, in Minneapolis.

Bob Klas Jr., chairman of the board of trustees, issued a statement calling Hanson an “extraordinary leader for Hamline during a time of great challenge and change in the economy.” Among other things, Hanson led the development of a 20-year master plan for the campus, and has built the university’s endowment to an “all-time high” of $93 million, according to the university. The board plans to launch a national search for her replacement. (Source)

2) Hamline University’s mission statement, values, and vision are not something that exist in words alone. You can find them in the values that guide our education, in the way our community comes together, and in our professors, leaders, staff, alumni, and students’ hearts. They are not static. Rather, they are continually active, guiding us in what we do, whether it is creating new programs, erecting new buildings, or charting a course into our next 150 years. To create a diverse and collaborative community of learners dedicated to the development of students’ knowledge, values and skills for successful lives of leadership, scholarship, and service. (Source)

3) The Indianapolis-based Lilly Endowment has awarded $2 million to Hamline University in St. Paul, Minnesota, to establish a program to help students choose their life’s work based on their ethics and values. The grant — the largest single gift the university has received from a foundation — will fund several projects over the next five years.

The new program, called Theological Exploration of Vocation, is designed to give students and staff opportunities to use theological study to help plan and nurture their careers. The university also said the grant will help connect the Methodist school’s founding values to its current programs. Other projects supported by the grant will include “Conversations on Vocation with Leaders,” a series of roundtable discussions with business, clergy, and education leaders about how to integrate values and ethics in the workplace. (Source)

4) Tony Grundhauser has been named Hamline University’s new vice president for development and alumni relations. Grundhauser comes to Hamline from Macalester College, where he serves as director of individual gifts. He will begin his duties at Hamline on June 29.

As vice president, Grundhauser will provide leadership and management of the university’s development and alumni relations departments and will be responsible for the overall success of the annual fund and capital campaign results. He will be a member of the President’s Staff, serve on the University Leadership Team, and staff the Development Committee of the Board of Trustees.

“I have every confidence Tony Grundhauser’s background and past successes in major gift fundraising will benefit Hamline and extend our relationships with our alumni,” President Linda Hanson said.

“I am thrilled to be joining the leadership team at Hamline at this exciting stage in the university’s history,” Grundhauser said. “I look forward to being a part of a highly dynamic university that values the ongoing personal and professional growth of its students, staff, faculty, and alumni.” (Source)

5) Hamline has raised more than $15 million in gifts toward the project and expects to raise an additional $9 million before the center is completed in August of 2012. The lead gift of $8.3 million came from 1946 Hamline University College of Liberal Arts alumna Carol Anderson and her deceased husband Dennis. The building will be named the Carol Young Anderson and Dennis Anderson University Center, in honor of the couple, Hamline University announced today.

“Through their generous gift, Carol and Dennis Anderson have allowed us to begin realizing the dream for the new University Center,” said Hamline University President Linda Hanson. “We recognize that a modern, attractive, and functional University Center plays a critical role in creating a sense of community, recruiting students, and serving commuting students, many of whom are professional working adults. It will invite living and learning activities with all the amenities of good food, a one-stop shop for services on campus, quiet places for students to study, and robust spaces for groups of our Hamline community members to gather.” (Source)

Portfolio Insights:“Northern Kentucky University’s (the University) Management Discussion and Analysis of its financial condition provides an overview of the financial performance of the University for the year ended June 30, 2014, with selected comparative information for the years ended June 30, 2013 and 2012.

The University’s assets increased by $43.9 million, or 9.7 percent, for the year ended June 30, 2014 and now total $495.7 million. A $13.2 million increase in current assets for the year ended June 30, 2014 combined with a $2.5 million decrease for the year ended June 30, 2013, resulted in a combined increase of $10.7 million, or 10.9 percent, since June 30, 2012.” (Source)

1)Northern Kentucky University Foundation Inc. receives and invests privately donated funds that enhance the quality of education at NKU. The Foundation is an independent corporation directed and supervised by a Board of Directors. Each board member generously volunteers their time and expertise to ensure the growth and development of the university. Through tax deductible donations and the work of the Foundation, NKU is able to offer a higher level of education that would not be possible through state assistance alone. (Source)

2) Northern Kentucky University Foundation Inc. was created to manage privately donated gifts for Northern Kentucky University. Incorporated in 1970, the Foundation is a non-profit, tax-exempt organization governed by a Board of Directors who all serve without compensation. While state appropriations help fund the university’s basic operation budget, the Foundation provides other sources of revenue necessary for growth and development. Gifts from generous donors have funded student scholarships, campus expansion, building renovations, technology upgrades, and community outreach programs. (Source)

3) The NKU Foundation was established in 1970 as an independent 501(c)(3) public charity whose mission is to maximize sustainable support for NKU by receiving, managing, and administering private gift support while prudently discharging its fiduciary obligations to the university, donors, and designated beneficiaries.

The NKU Foundation supports the vision, strategic priorities and goals of Northern Kentucky University and encourages NKU’s continuing development by being a philanthropic foundation of excellence, service, volunteer leadership, and exemplary fiduciary responsibility. (Source)

4) The Northern Kentucky University Foundation’s assets have reached a record high, the school announced on Monday. The foundation’s assets as of the first of this year topped $100 million for the first time in the foundation’s 43-year history.

The assets are made up of an $89 million endowment pool along with other funds. The foundation funds support student scholarships, campus expansion, building renovations, technology upgrades and community outreach programs.

“We are fortunate to live in a community that understands the value of investing in education,” NKU President Geoffrey Mearns said in a news release. “During tough economic times, NKU and the NKU Foundation continued to receive support from alumni, corporations, foundations and friends that made us the major metropolitan university we are today. Without their help, we would not have experienced the rapid growth or success we have seen in the last 20 years or enabled as many students to pursue their dreams.” (Source)

5) The Northern Kentucky University Foundation is making a $1 million investment into startup supporter Cintrifuse, President Geoffrey Mearns announced Thursday.

The $1 million was given to the foundation from an anonymous donor. The investment will go to the $57 million Cintrifuse Early Stage Capital Fund, a fund of funds that invests in venture capital funds across the country with the goal of getting them to spend time in, mentor and invest in Cincinnati and its startups.

“We’re very pleased to add Northern Kentucky University as an investor. They join 14 other corporations, foundations and schools around the area who all want Greater Cincinnati to continue to be at the forefront of innovation,” Cintrifuse fund manager Tim Schigel said in a news release. “We think it’s great to add their voice to the conversation.” (Source)

Portfolio Insights:“The Franklin College Endowment is invested according to the policy adopted by the board of trustees. An investment committee directs and reviews the endowment fund policies and performance.

The market value of the endowment investments totals $81,580,608, as of June 30, 2013. The majority of the funds are maintained in the endowment pool; others are invested individually due to donor restrictions. Fourteen investment firms are retained to manage the endowment pool funds.” (Source)

1) Franklin College is in receipt of a $4.2 million bequest following settlement of the Effie Joan Behrens estate. Effie, a longtime resident of Indianapolis and a Fort Wayne native, died Dec. 11, 2010. She had been a Franklin College trustee since 1991, actively engaged in the campus community and dedicated to enriching religious life resources, supporting campus beautification and funding student scholarships.

In accordance with Effie’s wishes, 75 percent of her bequest was allocated to the college endowment for student scholarships and church relations. The Franklin College Board of Trustees followed institutional policy and directed the remaining 25 percent of unrestricted funds to the college’s most urgent need, The Future Unfolds capital campaign. The board’s additional actions included naming the new college softball facility Behrens Field and adding landscaping to the new Grizzly Park athletics complex; both were campaign goals. (Source)

2) May 15, 2014 – Dr. James G. Moseley, the 15th president of Franklin College, announced today that he will retire at the end of the next academic year, June 30, 2015. “When Candace and I came to Franklin College in 2002, we hoped that things would go so well that I would be here as president for 10 years, at which point we would retire. We are now completing year 12 and looking forward to number 13. Both personally and professionally, Franklin College has exceeded every expectation we had. We feel privileged and grateful for these years and for what has truly been the capstone of my career.”

“Under the president’s leadership, Franklin College has realized growth and enrichment, providing an excellent platform for continued success,” said Christine Fields, chair of the board of trustees. “Enrollment has grown and stabilized with 1,000 students on campus, budgets are balanced, the endowment has recovered from the recession, and interest from prospective students is particularly strong.” (Source)

3) Franklin College has made a promise to its students and to the community to provide an atmosphere for learning, enrichment and personal growth. With each day, Franklin strives to live up to the challenge of that promise. Today’s Franklin College is a nationally-recognized institution which provides students with a quality liberal arts education. In addition, Franklin encourages students to broaden their horizons and challenge their own self-imposed limits through a pair of innovative programs: the Franklin College Leadership Program and the Professional Development Program. The Franklin College Leadership Program is working to teach students methods for improved leadership by encouraging professors to introduce leadership education across the curriculum. A number of lecture-based courses have been altered to emphasize working in small groups. As a result, there has been increased participati on by all students. In addition, individuals are now recognizing and assuming leadership roles. The classroom projects have been supplemented with annual lectures and films addressing leadership. (Source)

4) Franklin College, Franklin, Ind., committed $1.2 million to the Aurora Hedge Fund, said Larry Griffith, vice president for business and finance. The $65 million endowment made the move for diversification. Funding came from rebalancing, he said. The fund’s asset allocation is 72% equity, 26% fixed income and 2% alternatives. Oxford Group assisted. (Source)

5) As a result of a generous grant of $998,395 from Lilly Endowment Inc., Franklin College will begin a new program to prepare students for careers in health care professions. The grant comes as part of the Endowment’s Initiative to Promote Opportunities Through Educational Collaborations.

The Professional Development Program for Health Professions will build on the College’s strengths in pre-health science studies with a new Master’s degree program in Physician Assistant Studies (PAS). Combined with the Master’s degree program in Athletic Training envisioned in the College’s recently adopted strategic plan, the PAS program will be one of two master’s level offerings at the College. Both programs will extend Franklin College’s core academic strengths through extensive collaboration with key partners while helping Hoosiers live healthier, more active, longer lives. (Source)

Portfolio Insights:“The University of Northern Iowa Foundation (Foundation) is organized and operated exclusively for educational and scientific purposes. It is authorized to accept, hold, administer, invest and disburse monies for the direct benefit of the University of Northern Iowa (the University).

Investments are managed by the Foundation Treasurer and external managers, in accordance with the Board’s policy. The Foundation’s endowment funds consist of numerous individual funds established to support the mission of the University. These funds include both donor-restricted endowment funds and funds designated by the Foundation’s Board of Trustees to function as endowments.” (Source)

1) The University of Northern Iowa Foundation endowment saw a return of 17.4 percent exceeding its goal of 15.3 percent and finished fiscal year 2007 valued at $55.8 million.

Iowa spent 5 percent of its endowment in fiscal year 2007, while Iowa State spent 4.6 percent and Northern Iowa spent 3.24 percent. The foundations use different formulas for determining payouts, but they usually involve an average of several years. (Source)

2) Mark and Jill Oman of Des Moines have committed $1.1 million to the University of Northern Iowa Foundation. The endowed fund will be used to support the UNI Annual Fund and two scholarships.

The Omans have established the Don and Jo Fuerhoff Scholarship for students from Iowa or Nebraska who are majoring in teacher education or a program that leads to teacher certification. The Mark and Jill Oman Scholarship will benefit students who are majoring in or intend to major in the College of Business Administration.

Mark Oman graduated from UNI in 1976 and recently retired as the senior executive vice president of Wells Fargo & Company. Jill Oman is a 1985 UNI graduate. Mark noted, “UNI will always be a very special place for my wife and me. It gave us an outstanding education in business and in the liberal arts, preparing us for successful and satisfying careers and lives. We hope our gift will enable future students to enjoy the same educational advantages that we found at UNI.” (Source)

3) The University of Northern Iowa Foundation launched its crowdfunding program, PAWprint, on Wednesday, August 27. PAWprint is designed to empower the student organization community to raise funds for the projects and events they’re passionate about. The program will provide groups with the training, tools, and technology necessary to raise charitable funds in partnership with the UNI Advancement Division.

Campaigns will be “live” for 30 days, and the success of projects is dependent on the social capital of the student groups. There are no costs or fees to launch a campaign, and all funds a campaign raises are designated directly to the organization’s account. The platform’s lead projects are the Panther Marching Band’s trip to London and University of Northern Iowa Veterans’ Association. (Source)

4) A former top executive with Wells Fargo and his wife are committing $1.1 million to the University of Northern Iowa Foundation. UNI Vice President for University Advancement Bill Calhoun says he’s not surprised by the gift from Mark and Jill Oman. “Mark and Jill Oman are both graduates of UNI and have been long time supporters of the university,” Calhoun says. “Their most recent gift will be used to establish scholarships in the College of Business and for teacher education majors here at the university.”

Mark Oman graduated from UNI in 1976 and recently retired as the senior executive vice president of Wells Fargo & Company. Jill Oman is a 1985 UNI graduate. The Oman gift is part of the Focus on Students: UNI Scholarship Initiative, a $40 million, five-year campaign to support current and future students attending the campus in Cedar Falls. (Source)

5) The University of Northern Iowa Foundation grows and sustains private resources and builds relationships to support the University of Northern Iowa, its students, faculty, staff and programs.

The UNI Foundation is committed to providing a growing source of private funding and partnerships to enable the University of Northern Iowa to achieve its vision. (Source)

Portfolio Insights:“The financial position and activities of New Jersey Institute of Technology (NJIT) and Foundation at New Jersey Institute of Technology (the Foundation) (collectively, the University) at and for the years ended June 30, 2012 and 2011.

Endowment investments totaling $2,143 and $2,295 at fair value ($1,992 and $2,093 at cost) at June 30, 2012 and 2011, respectively, are held and administered by external trustees, while the remainder are held and administered by the University. Hedge and other investment funds are comprised of market neutral funds and private equity, real estate, and timber funds. The University is committed to invest an additional $963 in these funds over the next two fiscal years.” (Source)

1) New Jersey Institute of Technology (NJIT) awarded the Edward F. Weston Medal for Professional Achievement to Paul Eng-Wong of South Orange at Celebration 2014, the university’s annual black-tie benefit dinner, on November 14, 2014 at the Pleasantdale Chateau, West Orange. The Weston Medal is presented to alumni in recognition of outstanding personal, professional, and civic achievement and commitment to the development of the university.

Entertainment was provided by Bernadette Peters, one of Broadway’s brightest stars. Proceeds from the sold-out event will be used toward endowed scholarships for students at NJIT. Since 1995, many of the university’s most generous supporters have gathered annually for Celebration, a black-tie affair that has raised more than $4.6 million in scholarship endowment funds for students at NJIT. A festive evening featuring dinner and live entertainment, Celebration also honors individuals for achievements beneficial to the state and our nation, as well as organizations exceptional for their commitment to NJIT’s mission. This year marked the 20th anniversary of the event, which featured a “Roaring Twenties” theme. (Source)

2) The Honorable Thomas H. Kean, of Bedminster, received the New Jersey Institute of Technology (NJIT) University Medal for Lifetime Achievement at Celebration, the university’s annual black-tie benefit dinner, on Nov. 14, 2014 at the Pleasantdale Chateau, West Orange.

Entertainment was provided by Bernadette Peters, one of Broadway’s brightest stars. Proceeds from the sold-out event will be used toward endowed scholarships for students at NJIT. The event was chaired by Robert Medina, senior vice president and East District director of T.Y. Lin International. Medina is a 1975 graduate of NJIT and serves on the university’s Board of Overseers.

Kean is former governor of New Jersey (1982-1990) and was the president of Drew University from 1990-2005. He also served for 10 years in the New Jersey Assembly, rising to the positions of majority leader, minority leader and speaker. As governor, he served on the President’s Education Policy Advisory Committee and as chair of the Education Commission of the States and the National Governor’s Association Task Force on Teaching. Kean currently serves as chairman of the board of Carnegie Corporation of New York. (Source)

3) New Jersey Institute of Technology (NJIT) conferred an honorary Doctor of Science upon Robert S. Dow, of Trenton, at its 98th Commencement exercises on Tuesday, May 20, 2014 at 9 a.m. at the Prudential Center in Newark.

After serving in the U.S. Army, Robert S. Dow attended Newark College of Engineering, graduating in 1969 with a BS in civil engineering. He then earned an MS in structural engineering at New York University while working for Burns and Roe on the design of nuclear power plants.

Dow entered Columbia Business School in the fall of 1972, shortly after competing on the U.S. Olympic Fencing Team in the Summer Games held in Munich, Germany. He had started working at the investment-management firm Lord Abbett & Co. as a quantitative analyst in January of that year, and after completing the Columbia MBA program, he returned to additional responsibilities as an analyst at Lord Abbett. (Source)

4) The interim president of the New Jersey Institute of Technology has been appointed to the post permanently. Joel Bloom was the school’s vice president for academic and student services before he became its acting leader following the resignation of longtime president Robert Altenkirch last November NJIT’s board of trustees announced Bloom’s hiring on Tuesday, one day after they voted to make him leader of the 9,500-student university in Newark. (Source)

5) NJIT has been recognized nationally for providing graduates with a high rate of return on their investment. The Bloomberg Businessweek survey of U.S. colleges ranked NJIT in the top 10 percent nationally for return on investment and classified the university as one of four best buys in New Jersey higher education. BuzzFeed.com has ranked NJIT as the number one value among colleges and universities nationally. NJIT was third on Affordable Online Colleges’ Highest Return on Investment Colleges in New Jersey ranking.

NJIT has earned national prominence by developing relevant academic programs taught by leading practitioners in their fields. Six specialized schools offer 46 bachelor’s, 56 master’s, and 19 doctoral degree programs. With 489 full-time and adjunct faculty, 89 percent of whom hold doctoral degrees, the university maintains a student-faculty ratio of 16:1. NJIT serves an ethnically diverse student body, ranking number one in New Jersey in awarding engineering degrees to African-American and Hispanic students. (Source)

Portfolio Insights:“University of North Florida Foundation, Inc. (the “Foundation”) presents comparative financial statements as of and for the years ended June 30, 2013 and 2012. The Foundation exists for the sole purpose of providing financial support to students and programs of the University of North Florida (the University”) and is a direct support organization and component unit of the University (a governmental agency).

Top University of North Florida Foundation, Inc. Endowment Fund Headlines:

1) The University of North Florida Foundation to date has raised more than $233 million for scholarships, academic programs, endowed chairs and buildings for the 40-year-old university. The University recently concluded its most successful capital campaign to date, raising more than $130 million dollars with an original goal of $110 million in the six-year campaign. The incoming vice president will be expected to continue and enhance these activities because of decreased availability of state funds. This ongoing challenge requires extraordinary leadership and results from the vice president for Development and Alumni Affairs in raising significant private funds to support rapidly growing needs for academic programs, student scholarships, fellowships, buildings and facilities. In line with the above, UNF strategically supports an aim to operate as a preeminent, vibrantly inclusive higher educational institution. (Source)

2) Relatively aggressive use of alternative investments at the University of North Florida Foundation for an endowment with a $68 million market value. As of June 30, 2010 the allocation was 9.6% domestic equity, 11.1% international equity, 11.3% global opportunistic strategies, 12.3% absolute return, 17.4% private equity, 3.7% real estate, 9.5% energy/natural resources, 14.5% enhanced fixed income, 0.9% traditional fixed income and 9.6% cash. After a 28.3% loss in FY 2009, the endowment had a 9.1% return in FY 2010. (Source)

3) Ambassador Marilyn McAfee is a member of the University of North Florida Foundation Board, the Community Hospice Board and for 12 years Board Member, Baptist Medical Center Beaches. In 2005 Ambassador McAfee was awarded the Florida Times-Union’s Eve Award for Outstanding Volunteer Service. Her home is in Ponte Vedra Beach, Florida. Lisa Rinaman Lisa Rinaman, our St. Johns Riverkeeper, is the chief advocate and public’s voice for the St. Johns River. (Source)

4) The National Park Service Timucuan Ecological and Historic Preserve would like to thank its sponsors for their financial assistance in hosting this annual event. Thank you to Jacksonville University and the University of North Florida Foundation. Sponsorship funds will be used to establish two $500 student grants through the Timucuan Trail Parks Foundation to support research within the Timucuan Preserve. (Source)

5) The Jacksonville Business Journal honored 25 First Coast Veterans of Influence on June 5, 2014. The award honors military veterans who have distinguished themselves in service to their country, commitment to the community, and in service to their second career.

Howard C. Serkin, chairman of Heritage Capital Group, gained many of his most valuable career skills underwater. Once a lieutenant in the U.S. Navy, Serkin was assigned to nuclear submarines, performing deep submergence rescue and salvage projects.

That intensity of focus has served Serkin well in his professional life. His commitment to detail and verve for life have made him a notable Jacksonville player in the realm of buying, selling and merging businesses, but it’s his community involvement that is truly impressive, spanning from his support of the University of North Florida Foundation and Museum of Contemporary Art Jacksonville to Leadership Jacksonville and the Cultural Council of Greater Jacksonville. All of it, he said, springs from his professional work. (Source)

Portfolio Insights:“The University’s investments in marketable securities are carried at quoted fair market value whenever possible. The University also holds land for investment purposes which functions as an endowment and is recorded at fair value. Fair value is arrived at through independent appraisals of the land and of the timber holdings.

Fund investments in marketable securities including hedge funds are carried at quoted fair market value whenever possible. Hedge funds’ fair values are based on information provided by the administrators of each underlying fund. Real estate and natural resources are accounted for on the equity method. Private equity funds that do not have readily determinable market values as of June 30 are valued based on the most recent available partner capital account balances as reported by the partnerships to the Fund.” (Source)

1) Dr. Glenn D. Mroz became the ninth president of Michigan Technological University in 2004 after serving as Dean of the School of Forest Resources and Environmental Science for four years. He served as a faculty member in the School since 1980. Dr. Mroz earned his BS and MS degrees in Forestry from Michigan Technological University and earned his PhD in forestry from North Carolina State University in 1983.

Mroz is a member of the Citizens Research Council of Michigan, Chair of the Michigan Universities Presidents Council, and Chair of the Great Lakes Intercollegiate Athletic Conference Council of Presidents. At the national level, he is one of thirty members of the Association of Governing Boards Council of Presidents, a member of the Science Coalition, and a former member of the American Council on Education Commission on Lifelong Learning. He is also a member of the Society of American Foresters, Xi Sigma Pi, Forestry Honor Society, and Soils Science Society of America. (Source)

2) Max Seel serves as Michigan Tech’s provost and vice president for academic affairs. As chief academic officer he has responsibility for all of Michigan Tech’s academic programs and faculty, develops and implements the University’s strategic hiring initiatives, and oversees general education, outcome assessment, annual curriculum review, and more.

Seel joined the Michigan Tech faculty as an associate professor of physics in 1986, coming from the University of Erlangen-Nurnberg in Germany. He became head of the Department of Computer Science in 1988 and was promoted to full professor of physics in 1989. In January of 1990 he was named interim dean, and from 1991 to 2008 he was the dean of Tech’s College of Sciences and Arts. Seel was appointed to provost and vice president of academic affairs February, 2010. (Source)

3) Michigan Tech has received a $2.8 million gift from the estate of Robert M. Anderson, a native of Negaunee. The gift has been added to an endowed scholarship fund that now totals more than $4 million.

Anderson, who died in 2002, earned a degree in electrical engineering from Michigan Tech in 1943 and had a distinguished career in research and development with General Electric. He was a prolific inventor, receiving 31 patents during his 35 years with the company.

Since its inception in 1993, the Robert M. and Virginia Mercer Anderson Endowed Scholarship has supported 18 Michigan Tech students–some for their entire academic careers.

Robert Anderson was a member of electrical engineering’s distinguished alumni academy and received the Michigan Tech Board of Control Silver Medal. Virginia Anderson died in 1993. (Source)

4) President Barack Obama’s call for free community college tuition aims to help level the playing field for low income, first-generation and minority students. Michigan Technological University is already doing that, according to a new kind of ranking released late last year: the Social Mobility Index.

Ranked first among Michigan colleges and universities in the Social Mobility Index (SMI) and 42nd nationwide, Michigan Tech earned the recognition for its efforts to increase access to higher education for economically disadvantaged students and families. (Source)

5) At its regular meeting July 15, Michigan Technological University’s Board of Control approved a goal of $200 million for a capital campaign now under way at the University. The funds raised will be used primarily but not exclusively for endowed faculty support and student financial aid, said George Butvilas, chair of the Michigan Tech Fund, the nonprofit corporation that receives, invests and disburses gifts to further the University’s strategic plan.

“Michigan Tech’s goals are to attract outstanding faculty and to provide the best hands-on education to prepare our students to be leaders in our technological world,” said President Glenn D. Mroz. “This campaign will help us meet those goals.“

During its quiet phase—a time when a select few major donors are approached privately—the campaign already has raised $120 million. The public phase, which began July 1, will last three years. The Board will revisit the goal each year, adjusting it as appropriate. (Source)

Portfolio Insights:“Long Island University (the University), founded in 1926, is a coeducational institution serving an enrollment of approximately 17,000 students plus an additional 7,600 noncredit bearing students. The University conducts undergraduate, graduate, and doctoral programs on campuses on or near Long Island, New York. Alternative investments, including multi-strategy, hedge funds and real estate investments, are valued using net asset values provided by external investment managers, as a practical expedient in determining fair value.

The University’s spending policy annually allocates the amount of the total returns which can be spent and reinvested for future earnings for its unitized pooled endowment fund. Under this policy, the University currently appropriates for distribution each year 4.5% of the average fair value of its pooled endowment fund for the 20 quarters ending the February 28th preceding the fiscal year in which the distribution is planned.” (Source)

1) Dr. Kimberly R. Cline became the 10th president of Long Island University (LIU) in July 2013. Regarded in higher education realms as a transformational leader, she has launched a strategic planning effort to provide a roadmap for the University’s future and partnered with faculty and staff to forge new opportunities for LIU.

Under Dr. Cline’s leadership, two colleges and one academic school have been added – Honors Colleges at LIU Brooklyn and LIU Post and LIU Post School of Computer Science, Innovation, and Management Engineering. New career-ready academic programs in Digital Game Design, Fashion Merchandising, Equine Studies, Branding and Licensing, Sports Management, and Financial Engineering have been added along with dual-degree programs that lead to both a bachelor’s degree and M.B.A. in five-years. The LIU Fast Track program will allow ambitious high school students to begin working on a bachelor’s degree before college. (Source)

2) The Business and Finance Division provides financial services for the academic, administrative and student service operations of the University, ensuring that all business transactions are processed in an efficient, cost-effective manner that complies with appropriate internal and external controls and regulations. The Division manages relationships with outside financial service organizations including commercial banks, investment bankers, credit-rating agencies, investment consultants, investment managers and insurance brokers.

Responsible for developing the institution’s annual operating and capital budgets and managing its billing and collection functions, the Division also aims to optimize the returns on University investments. In addition, its Student Financial Operations offices are committed to providing students with personalized attention and convenient online services, helping them to fulfill their financial obligations to the University. (Source)

3) Reporters who risked their lives in 2014 to cover the Ebola epidemic, traced the rise of the Islamic State, and revealed secret ransoms paid for the release of hostages are winners of Long Island University’s 66th annual George Polk Awards in Journalism. Additional honorees include reporters who uncovered systemic failure in two federal agencies, the Secret Service and the Veterans Administration, as well as journalists who exposed brutal treatment of prison and jail inmates.

Awardees will be honored at a ceremony at The Roosevelt Hotel in Manhattan on Friday, April 10.

“The excellent work across a variety of media platforms reflected by 558 nominations from news organizations, individual journalists, and members of our advisory panel suggests that journalists are adapting well to a landscape no longer dominated exclusively by print,” said John Darnton, curator of the awards. (Source)

4) After conducting a nationwide search, Long Island University, the seventh-largest private university in the nation, has named Robert Altholz, vice president for business and finance, and treasurer of Saint Louis University, St. Louis, MO, to the position of vice president for finance and chief financial officer. He replaces Mary M. Lai, who served in this capacity for 57 years an extraordinary record unequalled in American higher education.

In his new role, Mr. Altholz will oversee the University’s financial affairs and provide executive leadership as one of nine officers on the University’s senior management team. Responsible for developing long- and short-term financial programs in support of the University’s mission, he will manage all treasury and central financial administrative functions; maintain banking and investment relationships; and interact with bond rating agencies and external auditors. He will take a leadership role in implementing the University’s Best Practices Initiative, helping to spearhead a conversion of existing financial systems through an Enterprise Resource Planning system. (Source)

5) LIU isn’t alone. Mount Saint Mary College in Newburgh, N.Y. and Centenary College in Hackettstown, N.J. offer similar same-day, on-the-spot admissions events. According to Jackie Nealon, Long Island University’s vice president of enrollment, LIU takes it a step further in the spring and sends admissions officers into Long Island high schools to admit students on location–the academic version of a house call.

If LIU sounds a bit desperate, it is. From a financial standpoint LIU is suffering from a host of ills common to hundreds of colleges today. According to the most recent financial data LIU has supplied to the Department of Education, its Post campus has been running at an operating deficit for three years. Its core expenses, or those essential for education activities, have been greater than its core revenues. Like many other schools, Post is a tuition junkie, with nearly 90% of its core annual revenues derived from tuition and fees. (Source)

Portfolio Insights:“Oklahoma City University (the “University”) is a private not-for-profit institution of higher education with its campus located in Oklahoma City, Oklahoma. The University is accredited by the North Central Association of Colleges and Schools.

The University’s endowments consist of individual donor-restricted funds which are managed and controlled by the University. The University also has endowment funds which are held and managed by OUMF and others (see Note D). As required by GAAP, net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) OU’s endowment funds are invested in a variety of ways, including equities, hedge funds and high-yield bonds.

Market improvements and new gifts helped Oklahoma City University’s endowment value grow more than $10 million from the end of the 2010 fiscal year to the halfway point of the 2011 fiscal year, OCU Chief Financial Officer Brian Holland said.

Endowments are important for schools during tough economic times when other funding sources are being cut and stretched, said Kirk Jewell, president and chief executive officer of the Oklahoma State University Foundation. (Source)

3) Oklahoma City University is participating in Earth Day every day. The university will implement a new energy management plan this spring aimed at making it one of the most energy-efficient schools in the nation.

OCU has partnered with THG Energy in Tulsa to create effective energy management initiatives. The efforts are designed to lower usage during peak demand hours and to educate students and employees about methods to conserve energy at work and home.

THG works with partners to help implement sustainable programs for achieving energy savings. (Source)

4) Oklahoma City University is a coeducational, urban private university located in Oklahoma City, in the Uptown district. The university is affiliated with the United Methodist Church and offers a wide variety of degrees in the liberal arts, fine arts, sciences and business. The only Oklahoma institution listed in the top tier of the regional, master’s-level university category by U.S. News and World Report, Oklahoma City University is also listed in Forbes’ “Best Christian Colleges” & “100 Best College Buys.” (Source)

5) After serving in an interim capacity since 2010, Oklahoma City University’s acting provost is stepping into the role permanently.

Susan Barber was named provost and vice president for academic affairs this week, university officials said Tuesday. She had been acting provost since provost Bernie Patterson stepped down to become chancellor of the University of Wisconsin — Stevens Point.

Before Patterson’s departure, Barber was the university’s associate provost. She also serves as a biology professor, a role she will continue to perform. She has worked for OCU in various capacities since 1983. OCU President Robert Henry said in a statement that Barber’s contributions to the university have already been significant. (Source)

Portfolio Insights:“John Brown University (the University) is an independent Christian university of arts and sciences located in Siloam Springs, Arkansas. Investments in fund of hedge funds, real property, private equity, and natural resources are valued using level 3 inputs. The underlying investments in real estate are generally valued using a mixture of external and internal appraisals, based on current market information available for comparable properties.

The University’s endowment consists of approximately 200 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the board to function as endowments.” (Source)

1) John Brown University, a private college based in Siloam Springs, kicked off the public phase of its $125 million capital campaign in an announcement on Wednesday (Jan. 21) that included news of several recently acquired, unannounced gifts.

The $125 million “Campaign for The Next Century: A Hope and Future” will end in 2019. The amount being sought and the timing are historically significant for the university.

“This campaign is historic because in 2019 JBU is completing 100 years of Christian higher education. It’s historic because of the dollar amount,” said Lucas Roebuck, director of university communications. “And it’s historic because these resources, buildings, endowments, and more will impact generations of JBU students to come.” (Source)

2) September 9, 2010 – An anonymous donor has given $2 million to John Brown University for the creation of a new endowed faculty chair. The gift brings the total given in the $110 Million Keeping Faith Campaign over the $100 million mark, the first time JBU has reached a nine-figure amount in a campaign.

The Dr. Gary J. Oliver Endowed Chair in Marriage, Family and Relationship Studies is named for Dr. Oliver at JBU. Dr. Oliver is a university and seminary professor, psychologist, author, executive director of the Center for Relationship Enrichment (CRE) and professor of psychology and practical theology at JBU. Dr. Oliver will also be the first person to hold this endowed chair. (Source)

3) John Brown University is beginning to offer Pre-Nursing courses, starting in the Fall of 2014. Admission as a pre-nursing student (either as an incoming freshman or as a transfer student) will be based on similar criteria used for other academic programs at JBU. In order to progress to the clinical phase of the major at the beginning of their junior year, students will have to meet a certain minimum cumulative GPA of 2.8 and a science and Math GPA of 2.5 during the first two years, as well as make a personal statement that describes their motivation for a career in nursing. Students will be notified of their acceptance into the upper division of the major early in the spring of their sophomore year. (Source)

4) The $10 Million Endowment Match was launched on January 1, 2013, by an anonymous donor to encourage endowment growth for scholarships, programs, and endowed chairs. John Brown University is committed to increase the university’s scholarships to help deserving students as they pursue a Christ-centered college education. (Source)

5) Dr. Chip Pollard has been the president of John Brown University since July 2004. He received his undergraduate degree in English from Wheaton College in 1985, a law degree from Harvard Law School in 1988, a master’s degree in English from Oxford University in 1990, and a Ph.D. in English from the University of Virginia in 1999.

Dr. Pollard came to JBU from Calvin College in Grand Rapids, Michigan, where he was an Associate Professor of English teaching primarily world and 20th-century literature. Dr. Pollard has published frequently, including “New World Modernisms” (2005) and “May It Always Be True: Educating Students in Faith” (2011). In addition to his teaching and scholarship, Dr. Pollard has also practiced law as a corporate and tax associate for Latham & Watkins in Chicago, Illinois from 1990-1993. (Source)

Portfolio Insights:“Mount Mercy University (the “University”) is a private University located in Cedar Rapids, Iowa, offering undergraduate and graduate studies to domestic and international students. The University was formerly known as Mount Mercy College.

The University’s Endowment Fund consists of various donor restricted endowment funds and funds designated as endowment, quasi-endowment, by the Board of Trustees. Net assets associated with endowment funds, including funds designated to function as endowment funds, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) Coe College will fund the $3.45-million project with a loan issued by the Iowa Economic Development Authority (IEDA) under its Energy Bank funding program, a resource available to public and non-profit entities to finance energy-efficiency improvements and renewable-energy projects. The low-interest-rate loan will help the college pay for the work without tapping into its capital budget. And the savings the improvements generate, guaranteed by Honeywell through a 15-year performance contract, should cover the project expenses.

“We have a long history of adopting conservation measures, but had reached a point where it was difficult to achieve more without outside resources,” said Michael White, vice president of Administrative Services, Coe College. “Honeywell identified where we can drive greater efficiency and helped build a master plan for future improvements.” (Source)

2) Coe College raised $90 million in the largest campaign in school history, an infusion of money that came at a critical time to help the college with student scholarships, faculty salaries, campus expansion and a major building renovation, officials said. The $90 million total was $10 million more than the $80 million goal of “Defining Moment: The Campaign for Coe.” College leaders announced the fundraising results at a gala event on campus Thursday night that also was broadcast to alums around the country via a live webcast.

“The goals that it helped accomplish are critical to the future of the college,” Coe President James Phifer said. “It’s a triumph for the Coe community.” Coe leaders point to broad-based support — more than 10,000 people contributed gifts to the campaign — as one reason the effort was so successful. It’s impressive that support came during a major economic downturn, as the economy was affecting Coe’s endowment earnings and had families struggling to send their children to college, Phifer said. (Source)

3) David McInally has been selected as the 15th president in the 160-year history of Coe College. McInally, who currently serves as executive vice president and treasurer at Allegheny College, in Meadville, Pa., will take office on July 1, 2013. He succeeds James Phifer, who is retiring next year after serving 18 years as president of the college.

The appointment was made after a unanimous vote by the Coe College Board of Trustees at its Oct. 19 meeting and was announced by Dave Carson, chair of the Board of Trustees and a member of the Coe College Presidential Search Committee.

“The Coe College Board of Trustees was unequivocally impressed with Dr. McInally’s breadth and depth of experience at a highly successful college that is similar to Coe,” said Carson. “His commitment to private, residential, liberal arts education is evident and his enthusiastic commitment to help Coe achieve the next level of success is clear. We are confident that he will be an outstanding president of Coe.” (Source)

4) Coe College will celebrate the reopening of Peterson Hall of Science following this summer’s $12 million renovation of the facility. The rededication will take place on Friday, Sept. 28, as part of the college’s Homecoming Weekend activities. A reception will be held beginning at 3 p.m. in the Cherry Auditorium lobby, with tours taking place at 3:10 p.m. and 4:50 p.m. The rededication ceremony is scheduled at 4 p.m. in Cherry Auditorium, and the general public is invited to attend.

The guest speaker for the event is Delbert E. Day, Curators’ Professor Emeritus of Materials Science and Engineering and Senior Investigator of the Graduate Center for Materials Research at the Missouri University of Science and Technology. Coe President James Phifer and Coe science faculty members will also give remarks during the ceremony. (Source)

5) Goucher College has named its first provost, Marc M. Roy of Coe College in Iowa, in a process that drew more than 100 applications, school officials said in a statement released yesterday. Roy, expected to begin the job in June, also will serve as Goucher’s chief academic officer. He is Coe College’s vice president for academic affairs and dean of the faculty.

As Goucher’s provost, Roy will be the school’s second-highest ranking administrator and will direct its academic program. In selecting its first provost, the college convened a committee made up of faculty, students, staff and trustees. The panel narrowed the pool of 102 applicants to nine semifinalists. Three finalists visited the campus in October and last month. (Source)

Portfolio Insights:“Grand Valley University Foundation (GVUF) is a Michigan nonprofit corporation established to solicit, collect, receive, and administer funds to advance the mission and goals of the University. In accordance with the provisions of GASB Statement No. 61, GVUF is blended into the University’s financial statements because the University has operational responsibility for GVUF and GVUF provides services entirely for the benefit of the University.

The total net position of the University increased by $54.0 million between 2012 and 2014 due to an increase of $72.4 million in capital assets (net of outstanding debt), generous support from donors to endowments added $11.0 million, and endowment investment income returns of 29.9 percent over the two-year period added $17.9 million, net of spending.” (Source)

1) The Seidman School of Business at Grand Valley State University is the home of the State Headquarters for the Michigan Small Business & Technology Development Center network. This state center supports 12 regional offices and over 60 satellite offices, each providing counsel and training to small business owners and entrepreneurs throughout the 83 counties in Michigan. (Source)

2) Grand Valley State University is honoring women in sports. Alumni and current students at Grand Valley State University who have played varsity sports, club sports or majored in movement science will be honored at an event during the university’s Family Weekend. The Celebration of Women in Sports and Physical Activity is set for Saturday, October 5, 5:30 p.m. at the Alumni House. The event follows a Laker volleyball game and precedes a football game. Cari Draft, ’88, owner of Ecotrek Fitness, will be the keynote speaker. (Source)

3) This year more than 15,000 donors helped the Grand Valley University Foundation raise more than $11 million for designated scholarships, programs, and specific projects and pass the $100 million mark for the first time for the university’s endowment.

Several milestones were achieved this year including a record amount of new gifts and pledges from alumni, faculty and staff, and corporations. Twenty-one new scholarships were created in the year, bringing the total number of private scholarships to 361, reaching thousands of students each year. Our Gillett Society grew again this year and now includes 314 members who have made provisions in their estate plans to benefit the university.

As the base of support for Grand Valley continues to expand, more alumni, community members, corporations, foundations, faculty and staff, and students and their families are helping us imagine the future for Grand Valley and for our students. We are grateful to all of our donors and look forward to building the future together. (Source)

4) Grand Valley State University students will benefit from a $10 million early-stage venture fund to support life science and technology in West Michigan. The venture capital fund, called Michigan Accelerator Fund 1 (MAF1), was announced by The Charter Group.

The new fund is made possible through a $6 million award from Michigan’s 21st Century Jobs Fund, a program of the Michigan Economic Development Corporation. Grand Valley State University is an investor in the fund, and the Seidman College of Business, the Center for Entrepreneurship & Innovation, the West Michigan Science and Technology Initiative, and the Padnos College of Engineering and Computing were named as business and technical advisors of MAF1. (Source)

5) President Thomas J. Haas is Grand Valley State University’s fourth president. Dr. Haas has had a distinguished career in higher education for more than 35 years. He has served as a tenured faculty member, department chair, dean, vice president and president. Just prior to his appointment as president of Grand Valley State University in 2006, he was president of the State University of New York, Cobleskill. Haas is also a professor of chemistry in the College of Liberal Arts and Sciences. Students affectionately call him “T-Haas.”

During his tenure, Grand Valley has seen a steady rise in enrollment to more than 25,000 students, and dramatic increases in the number of graduates, now more than 5,300 per year. During the same time, 32 new majors have been established, including the Doctor of Nursing Practice and nine other graduate programs. (Source)

Portfolio Insights:“Queens University of Charlotte (the “University”) is a private, co-educational, Presbyterian-affiliated comprehensive university with a commitment to both liberal arts and professional studies. The University’s investments include various types of investment securities and investment vehicles. The University records all marketable equity securities and all debt securities at fair value, with realized and unrealized gains and losses being reported in the statement of activities.

The University’s endowment is a subset of Investments as reported on the Statement of Financial Position and consists of approximately 42 individual donor-restricted funds established for a variety of purposes. As required by generally accepted accounting principles (GAAP), net assets associated with endowment funds are classified and reported based on donor-imposed restrictions.” (Source)

1) Queens University of Charlotte has landed a $2.2 million federal grant to help ensure that students complete their degree programs.

The Department of Education Title III “Strengthening Institutions” grant is designed to help colleges and universities increase student retention rates.

The money, which will be disbursed over five years, will be used to strengthen academic support services, including computer software used to track students who might be at risk of leaving college. It will also establish an endowment fund to keep efforts going after the grant expires. (Source)

2) Thanks to Porter Byrum’s matching challenge and 43 generous donors, an additional $5 million in scholarship funding is now available to Queens students.

Increasing scholarship resources so that Queens can continue to attract and support bright, talented students is key to the university’s strategic plan. In 2011, Porter B. Byrum gave $20.9 million – the largest single gift in Queens’ history – to support endowed scholarships.

To further magnify the impact of Mr. Byrum’s gift, Queens University of Charlotte issued the Byrum Endowed Scholarship Challenge. Through this challenge, $5 million was offered as a 1:1 match to donors who made new commitments of $50,000 or more to a new or existing endowed scholarship fund. (Source)

3) Alex Porter, founder of hedge fund Porter Olin and a Queens University of Charlotte trustee, will moderate the event, which will include managers from funds such as Levy Harkins, Chilton Investment Co. and Wyper Capital. Analyst Charles Anderson — formerly with Tiger Management, once one of the largest hedge funds in the world — will also be on hand. “To me, it’s the best opportunity for people here in Charlotte who are really interested in investing,” says Hugh McColl Jr., the school’s namesake. “If they miss this, they’re going to miss something they’ll never see again.” (Source)

4) Dr. Pamela Davies has been president of Queens University of Charlotte since July 2002. During her tenure as the 20th president of the institution, she has distinguished herself through her commitment to providing innovative and high quality education and building community partnerships that enhance the educational experience of Queens students.

Dr. Davies has utilized her professional expertise in competitive and marketing strategy to lead student recruitment efforts that have doubled the student body. In addition, she spear-headed the creation of four academic units-the Cato School of Education, the Knight School of Communication, the Presbyterian School of Nursing, and the Blair College of Health. The Queens campus has been transformed through investments in infrastructure including new academic buildings, athletic and student recreation facilities and residential housing. (Source)

5) Duke Energy Corp. Chief Executive Jim Rogers and his wife, Mary Anne, have donated $4.1 million to Queens University of Charlotte. The funds will be used to add a science and health building to the Myers Park campus.

The 56,000-square-foot Rogers Science and Health Building, named for the couple, will house the school’s programs in biology, chemistry, mathematics and environmental science. It also will contain the administrative offices for the Blair College of Health.

Construction of the $17.4 million building is slated to begin in May with completion scheduled for fall 2012. (Source)

Portfolio Insights:“The accompanying financial statements include the accounts of Sweet Briar College –Virginia Programs (the “College”), Sweet Briar College Junior Year in France, Sweet Briar College Junior Year in Spain, and Sweet Briar Alumnae Association, collectively referred to as Sweet Briar Institute (the “Institute”).

The Institute’s endowment consists of approximately 400 individual funds established for a variety of purposes including both donor-restricted endowment funds and funds designated by the Board of Directors to function as endowments. Net assets associated with endowment funds, including funds designated by the Board of Directors to function as endowments, are classified and reported based on the existence or absence of donorimposed restrictions.” (Source)

1) Sweet Briar College has announced the appointment of two key staff members in the Office of Alumnae and Development. Margaret Kimball Lippard began serving in the fall as director of major and planned giving.

A native of Lynchburg, Lippard graduated from E.C. Glass High School, and also is well known in the community from her four years as director of development at United Way of Central Virginia. She previously worked for 10 years as vice president in trust and estate planning within SunTrust Bank’s private wealth and investment management group.

Lippard also is a past president and current member of the Lynchburg Estate Planning Council, serves as a trustee of the Friends of the Lynchburg Public Library Endowment Fund and the Holy Trinity Lutheran Church Endowment Fund, and volunteers as a member of the Opera on the James Advisory Council.

Lippard earned her bachelor’s degree in English at Smith College, where she graduated Phi Beta Kappa. (Source)

2) Sweet Briar College empowers and educates young women to build and reshape their world however their passions lead them.

Sweet Briar College prepares women (and at the graduate level, men as well) to be productive, responsible members of a world community. It focuses on personal and professional achievement through a customized educational program that combines the liberal arts, preparation for careers, and individual development. The faculty and staff guide students to become active learners, to reason clearly, to speak and write persuasively, and to lead with integrity. They do so by creating an educational environment that is both intense and supportive and where learning occurs in many different venues, including the classroom, the community, and the world. (Source)

3) Dr. James F. Jones Jr. became Sweet Briar College’s interim and 11th president on Aug. 15, 2014. Prior to his appointment by the Sweet Briar Board of Directors, Jones served as president of Trinity College in Hartford, Conn., for 10 years.

During his presidency at Trinity, Jones led a college-wide strategic planning process, with input from hundreds of faculty, staff, students and the Trinity Board of Trustees. The resulting 2005 Cornerstone Plan was instrumental in establishing an ongoing process for annual planning at the college. In addition, the Cornerstone Plan helped Trinity develop the goals of its six-year Cornerstone and Legacy Campaigns, which concluded in 2012 after raising $369 million in contributions and donor commitments — more than double the amount of Trinity’s previous fundraising campaign. (Source)

4) The mission of the Sweet Briar Alumnae Association, under the leadership of its Alumnae Board, is to assist the Alumnae Office in effectively serving alumnae by developing, organizing and implementing programs that will encourage alumnae engagement with each other and with the College. The Alumnae Association supports Sweet Briar College in realizing its mission and programs and promotes philanthropic support for the College. (Source)

5) Sweet Briar College is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award the Bachelor of Arts, Bachelor of Fine Arts, Bachelor of Science, Master of Arts in Teaching, and Master of Education. Contact the Commission on Colleges at 1866 Southern Lane, Decatur, Georgia 30033-4097 or call 404-679-4500 for questions about the accreditation of Sweet Briar College. (Source)

Portfolio Insights:“Linfield College (the College) is an accredited four-year, private, coeducational, liberal arts and science institution located in McMinnville and Portland, Oregon. The Collegehas certain investments in real estate and related assets that were recorded at cost when purchased or fair value on the date of gift, as appropriate.

The College’s endowment consists of approximately 365 individual funds established for a variety of purposes including both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. Net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) The $35 million Linfield College endowment is concluding an asset allocation study and will determine in the coming weeks whether to eliminate the fund’s convertible bond portfolio and what asset class to replace it with if it does. “Convertible bonds have not been a good asset class for us because it functions too much like the equity marker and it is too volatile,” said Scott Chambers, professor of finance, who also conducts research for the school’s endowment fund. (Source)

2) Tyler Laird-Magee joined Linfield College in 2007. She teaches courses in management, organizational behavior, sales management, promotions management, international marketing, and consumer behavior. Previously, Tyler taught for over a decade as a Visiting Instructor at the University of Portland, and an adjunct instructor at the University of Portland; George Fox University; Marylhurst University; Saint Martin’s University; City University of Seattle, Beijing Campus; and Wuhan University of Technology, Hubei Province, People’s Republic of China.

Tyler brings over 25 years’ experience in marketing and management to her role at Linfield, having held senior-level positions in Fortune 500 corporations as well as venture-capital start ups in technology, software, and financial services. Her research focus includes the nexus between marketing’s “5th P” and employee empowerment, management and cultural intelligence, and cross-cultural teaching effectiveness. (Source)

3) Linfield College received its charter from the Oregon Territorial Legislature on January 30, 1858, as the Baptist College of McMinnville. The institution’s heritage lies with the northern Baptists, spiritual descendants of Roger Williams of Rhode Island, for whom freedom of conscience was paramount. The first decades of the college were fraught with financial and leadership challenges. Because McMinnville leaders had invited the college to occupy an existing school building near the center of town, however, the struggling institution could depend on the support of the community. Pioneer Hall was completed in 1883, built on land donated by Samuel and Mahala Cozine, among the earliest founders of McMinnville. It remains in use today and is on the National Register of Historic Places.

The college awarded its first bachelor’s degree in 1884. In 1898, the board of trustees filed new articles of incorporation, changing the name to McMinnville College. The name changed again in 1922 when Frances Ross Linfield donated a considerable portion of her assets to the college. Linfield had moved to Spokane, Washington, after her husband, the Rev. George Fisher Linfield, died. (Source)

4) A new endowment honoring Dave Hansen will add a faculty member to the economics department at Linfield College. Hansen previously served as vice president for Student Services and dean of students.

Gifts are requested to complete the funding of The Dave Hansen Chair in Economics. Hansen, who was named professor emeritus of economics at Commencement, joined the faculty in 1969 and retired in December. He served 22 years as dean of students. The surprise announcement of the endowment was made by President Thomas L. Hellie during the presentation of Hansen’s “last lecture” before a packed audience of colleagues, former students and friends.

The $2 million endowment, when completed, will provide a permanent investment in the outstanding teacher-scholars in economics. Securing gifts for endowed faculty positions is a goal of the 2012-18 Linfield College Strategic Plan. Last fall, two new endowed positions, in creative writing and in political science, were announced. (Source)

5) The Linfield Panhellenic Council (LPC) is the organization which governs the entire Panhellenic (sorority) community. Every Greek woman on campus is a member of LPC – LPC is the single largest group of women on campus, at almost 30% of the female student body!

The LPC Executive Board consists of seven officers: President, Vice President, Secretary, Treasurer, Publicity Chairwoman, External Chairwoman, and Internal Chairwoman. LPC Officers meet regularly to discuss and provide opportunities for academic, social, and emotional growth for each chapter. LPC Officers are essentially “disassociated” from their chapters; They work to improve the strength and character of the Panhellenic community as a whole as opposed to their individual chapters. (Source)

Portfolio Insights:“South Dakota State University is one of the six public universities under the control of the South Dakota Board of Regents. The University’s financial position improved during the fiscal year ended June 30, 2012 as compared to the previous fiscal year.

The University’s total assets increased over the period by $74.5 million primarily due to an increase in Cash of $57.3 million due to the inssuance of the Series 2011 bonds of $57.7 million” (Source)

1) David L. Chicoine, Ph.D., 67, is president of South Dakota State University, a land grant research institution, and professor of economics. Prior to 2007, he was professor of agricultural economics at the University of Illinois at Urbana-Champaign and held various positions of increasing administrative responsibility with the University of Illinois, most recently as vice president for technology and economic development. Dr. Chicoine was elected to the Monsanto board in April 2009 and is a member of the Science and Technology Committee and of the Sustainability and Corporate Responsibility Committee. (Source)

2) Farm Credit Services of America has made a $50,000 donation to the proposed Swine Teaching and Research Facilities at South Dakota State University.

The facilities are likely to be constructed in multiple phases where the existing buildings are located north of campus. Once completed, it would provide 44,527 square feet of modern educational and research space. The project requires $5.5 million in private funding. To date, $1.145 million has been committed.

The request had been initiated by Bob Schmidt, senior vice president of FCSAmerica, in Pierre, as part of its community involvement program. FCSAmerica began its community involvement program in January 2012. Funding decisions hinge on programs that will impact well into the future.

“We are thrilled to have partners like Farm Credit Services of America who understand how urgent our facility projects are,” said Dean Barry Dunn of the College of Agriculture and Biological Sciences at SDSU. “Farm Credit Services of America is making an investment not only in SDSU, but in agriculture across our state and our region. We truly appreciate their decision to make such a substantial impact on our swine unit facilities.” (Source)

3) The South Dakota State University Foundation’s mission is: ” to continue to strengthen South Dakota State University’s tradition of academic and human excellence.” (Source)

4) South Dakota State University in Brookings recently received $2.3 million from the United States Agriculture Department to continue its leadership of the Sun Grant Program. SDSU Vice President for Research and Economic Development Kevin Kephart says the focus of the program has largely been celullosic biofuels.

“Cellulosic ethonal or cellulosic advanced fuels. It also includes oil seeds, and algae. Many other food stocks that are of interest as well. And its not all fuels either. The focus… the intent from the beginning has been on bio-based products whether is lubricants or plastics or what have you, but based on agricultural food stocks.” (Source)

5) Aaron Sattler considers his involvement in the Honors program to be the best investment of his time at South Dakota State University.

The Worthing, South Dakota, native graduated in May with Honors College Distinction and a degree in Spanish. Soon after, he was in León, Nicaragua, putting his college experience to work with Quetzalltrekkers, a nonprofit volunteer organization that offers adventure hikes to raise money for at-risk children.

Sattler guides tours ranging from one-day hikes up cinder cone volcanoes to three-day hikes through canyons and volcanoes, often reaching the highest point in Nicaragua.

Sattler credits the Honors program for helping prepare him for his new adventure. “My Honors experience significantly and positively impacted my life through all that I have learned and all of the relationships I formed.” (Source)

Portfolio Insights:“Presbyterian College (the “College”) is a private, residential, baccalaureate institution related to the Presbyterian Church (U.S.A.), located in Clinton, South Carolina. Founded by William Plumer Jacobs in 1880, the College provides a liberal arts education within a community of faith, learning, and intellectual freedom.

The College’s endowment consists of approximately 725 individual funds established for a variety of purposes including both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. Net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

1) The compelling purpose of Presbyterian College, as a church-related college, is to develop within the framework of Christian faith the mental, physical, moral, and spiritual capacities of each student in preparation for a lifetime of personal and vocational fulfillment and responsible contribution to our democratic society and the world community. (Source)

2) Dr. Claude C. Lilly assumed the role of President of Presbyterian College on July 15, 2012, after serving as Dean of Clemson University’s College of Business and Behavioral Science since 2007. A Georgia native, Dr. Lilly earned his bachelor’s degree, a master’s degree, and his doctorate in risk management from Georgia State University. He brings to the PC community extensive administrative and teaching experience, including posts at Texas Tech University, the University of Southern California, Florida State University, and as Dean of the Belk College of Business Administration at the University of North Carolina at Charlotte.

Though most of his experience before coming to PC was at large institutions such as Florida State and Clemson, Dr. Lilly has always had a passion for small, private liberal arts colleges. After just a few months at PC, this passion has translated into a clear understanding of the “PC spirit” and a clear direction for the College’s future. (Source)

3) The PC Volleyball Team is taking part in the 2013 Walk to Cure Diabetes in Columbia, SC on November 3, 2013. Fans are encouraged to join them Saturday or support them with a donation. To donate, go to http://www2.jdrf.org/site/TR?fr_id=2464&pg=entry and search for PC Volleyball. Fans can donate on behalf of their favorite player or make a team donation.

The Blue Hose are supporting this cause for senior middle blocker Andrea Barman, who has Type 1 Diabetes. Type 1 diabetes (T1D) is an autoimmune disease in which a person’s pancreas stops producing insulin—a hormone essential to the ability to get energy from food. It strikes both children and adults suddenly and changes life as they know it forever. T1D causes lifelong dependence on injected or pumped insulin and carries the constant threat of complications. T1D cannot be prevented and there is no cure. (Source)

4) Presbyterian College is a liberal arts college based in South Carolina, US. The compelling purpose of Presbyterian College is to develop the mental, physical, moral, and spiritual capacities of each student, within the Christian framework.

In Q1 2011 Presbyterian College Endowment submitted a redemption request to Grosvenor Capital Management. Its reason for redeeming from the fund was because it felt it could get better returns with a different manager and it felt that the fund was too conservative. At this time it was using the help of its consultant, Towers Watson, to look for a new fund of hedge fund manager to allocate to. It expected to find a new investment by the second quarter of the year. (Source)

5) Presbyterian College presented the 2014 Honorary Alumna Award posthumously to Mary Hopper Staton, of Lexington, S.C. The award was accepted by Mary’s husband, Bob, on her behalf at the Alumni Association’s Award Celebration.

The Honorary Alumni Award is given to those who did not attend PC, but who have always treated PC like their own alma mater and have brought honor to the College by doing so.

During her lifetime, Staton was a true supporter of Presbyterian College. She and her husband have been long-time members of the Scotsman Club and PC Fund at the leadership level and created “The Staton Family Scholarship.”

The couple has made significant contributions to many areas of campus, including the construction of Spradley Hall and Lassiter Science Hall, the floor in Templeton Center, the D1 Athletic Scholarship fund and the locker room fund. Bob and Mary were members of the William Plumer Jacobs Society as Bell Tower Society level members. (Source)

Portfolio Insights:“The Saint Francis Xavier University Students’ Union (the “Students’ Union”) is the democratic, participatory student voice at Saint Francis Xavier University (the “University”), composed of approximately 4,300 full-time students and about 700 part-time students.

On March 21, 2006, the Students’ Union deposited $110,000 with the University’s endowment fund. As per the agreement between the Students’ Union and the University, the Students’ Union retains ownership of the $110,000 and all future growth. As per the Students’ Union terms of reference, the funds are invested to earn revenue which should be used outside the normal operations of the Students’ Union. Only 50% of the revenue generated will be used in any one year and 50% will be reinvested. At the end of the current year, the Students’ Union has $31,196 (2011-$24,246) in unrestricted cash earned as investment income from the endowment fund.” (Source)

1) Dr. Kent MacDonald is the 18th President and Vice Chancellor of StFX University and a highly regarded leader in Canada’s post secondary system. Over the past two decades, Dr. MacDonald has become well known for his highly personal and authentic style of leadership and has spoken to audiences around the world including Asia, the Middle East, Europe, and across North America.

Professor MacDonald’s interest is higher education leadership and he proudly holds two degrees from StFX University. Dr. MacDonald has also held senior leadership positions in the private and the not-for-profit sectors, has served on a variety of public and private boards and is a proud educator who has worked in the elementary, secondary and post-secondary systems in Canada and New Zealand. (Source)

2) August 5, 2011 – St. Francis Xavier University’s endowment fund is topping the charts when compared to other universities across the country.

The newly released Canadian Association of University Business Officers (CAUBO) Investment Survey on Endowment and Pension funds reveals StFX is second in the country based on 10 year rate of return performance data. StFX placed second for one year performance and first on two year performance results.

In all, 61 Canadian universities participate in this independent national survey.

“The StFX endowment has achieved a 10 per cent rate of return over the past decade,” says Ramsay Duff, StFX Vice President Finance & Operations. “Achieving this rate of return consistently over the long term is a remarkable achievement that reflects exceptional stewardship of the philanthropic gifts from major benefactors, alumni, and friends of StFX.”

StFX’s results are exceptional because the average 10 year rate of return for Canadian university endowments was 4.4 per cent and for Canadian markets 6.6 per cent, as compared to 10 per cent for StFX, Mr. Duff says. (Source)

3) The St.FX Student’s Union will donate monies only to those causes or groups of whose activities are of a non-profit seeking nature.

The St. FX Student’s Union will donate monies to conflicting groups and causes without discrimination, providing that the use of funds be of a purely educational matter.

The St. FX Students’ Union will not donate monies to groups seeking to promote their cause in opposition to other existing groups or causes, unless that cause is stated and supported within the Union’s By-laws. (Source)

4) The StFX Alumni Association is pleased to announce the recipients of the 2011 Alumni Awards of Excellence. Being honoured this year are Ellen Costello ’76, Distinguished Alumna of the Year; Robyn Tingley ’96, Young Alumna of the Year; and Jim Brennan, Friend of StFX.

The StFX Alumni Association is pleased to announce the recipients of the 2011 Alumni Awards of Excellence. Being honoured this year are Ellen Costello ’76, Distinguished Alumna of the Year; Robyn Tingley ’96, Young Alumna of the Year; and Jim Brennan, Friend of StFX.

These awards will be presented Sept. 30, 2011 at the Welcome Home Dinner, which kicks off StFX’s annual Homecoming celebration. The dinner and presentations take place at the StFX Keating Centre. (Source)

5) StFX Advancement Department is dedicated to promoting and sustaining the university’s short- and long-term future. University Advancement builds and maintains relationships with alumni and friends of StFX and may other groups and stakeholders to ensure the student and academic needs are continually strengthened and StFX continues to be the premier undergraduate experience and education in Canada. The three main divisions of the Advancement department include Alumni Affairs, Development and Records Management, and Communications and Marketing. (Source)

Portfolio Insights:“Marshall University (the “University” or the “Institution”) is a public, nonprofit institution of higher learning, which offers degrees in more than 100 academic fields of study at the baccalaureate and graduate degree level, including doctoral degrees (PhD and professional doctorates) in various fields through its 14 colleges and schools.

Endowments, which are recorded as restricted nonexpendable net position, did not change in FY 2014 compared to an increase of $6.1 million in FY 2013. This increase was at MURC for amounts received in connection with the “Bucks for Brains” West Virginia Research Trust fund.” (Source)

1) The Marshall University Foundation’s endowment has been a vital part of private giving to Marshall University for many years. With a principal of more than $75 million, each year the Marshall University Foundation managed endowment fund provides income of more than $3.3 million annually. These dollars help fuel the margin of excellence at Marshall University by offering students many opportunities that would otherwise not exist. (Source)

2) The University’s response, led by interimCEO of the Marshall University Foundation John Kinzer, provided relief for the many students who were displaced by the worst fire to hit Huntington in half a century. The fund he and others started continues to provide relief for students who find themselves in need because of unforeseen circumstances. (Source)

3) Marshall University has received a $2.5 million gift from the BrickStreet Insurance Foundation Inc. to establish a research endowment. The donation is expected to be matched through the state’s “Bucks for Brains” West Virginia Research Trust Fund, for a total benefit to Marshall of $5 million. Proceeds from the endowment will be used to support research at the university’s Joan C. Edwards School of Medicine, particularly projects related to occupational and environmental health. Greg Burton, president and chief executive officer of BrickStreet Mutual Insurance Company, presented the donation to university representatives at the company’s headquarters in Charleston.

“Through the leadership and vision of our board, BrickStreet has set up a foundation focused on giving back to the community in which we live,” said Burton. “Through this partnership with Marshall University’s Joan C. Edwards School of Medicine, BrickStreet is proud to support their continued research efforts. Many of our employees are Marshall graduates, so our partnership with the university runs deep and I know this investment will be used to not only strengthen the university’s research efforts in occupational and environmental health, but also to continue to fulfill its mission to improve the health and wellness of our communities. (Source)

4) The Cline Family Foundation has announced a gift of $5 million to Marshall University to establish an endowment to support new faculty and scientists in the university’s planned sports medicine translational research center.

The Cline Family Foundation was established by Christopher Cline, a successful coal operator, entrepreneur and philanthropist. A native of southern West Virginia, Cline attended Marshall. He announced the gift Monday evening at a fundraising event he hosted at his home in Beckley.

“A true son of Marshall University, Chris Cline is committed to giving back to this state and to helping our university build a cutting-edge sports medicine research program that will serve the people of West Virginia and our region through discoveries, which advance our understanding of neuromusculoskeletal injuries – their prevention, recovery and intervention modalities to accelerate therapeutic outcomes,” said Marshall University President Stephen J. Kopp. “On behalf of the entire Marshall University family, I extend a heartfelt ‘thank you’ to the Cline Family Foundation for this generous donation to our beloved institution.” (Source)

5) Marshall University’s football team is showing its strength on the field this season, and that may be translating into more financial strength for the university’s primary fundraising arm.

The most recent example is that during the first quarter of the 2014-15 fiscal year, between July 1 and Sept. 30, the Annual Fund managed by the Marshall University Foundation grew by more than double the amount it raised during the same time frame last year, Marshall President Stephen Kopp reported at a recent Faculty Senate meeting.

That growth spurt was confirmed by Ron Area, senior vice president for development and chief executive officer for the foundation. (Source)

Portfolio Insights:“Belmont University (the “University”) is a private, not-for-profit institution of higher education. The University is a student-centered Christian community providing an academically challenging education that empowers men and women of diverse backgrounds to engage and transform the world with disciplined intelligence, compassion, courage and faith.

The University’s investments, consisting primarily of publicly traded fixed income and equity mutual funds, are stated at fair value as of May 31. The investments of the University are exposed to interest rate, market and credit risks. During a volatile market environment when there is a higher than normal level of uncertainty, the level of risk associated with such investments increases. If the level of risk increases in the near term, it is possible that the investment balances and the amounts reported in the financial statements would be materially affected.” (Source)

1) Endowment income provides critical long-term financial stability to support the students and programs that our University serves. An endowment can be established to support ongoing operating expenses or for designated purposes such as financial assistance to deserving students, support of academic programs or professorships, missions programs and ongoing support for a wide variety of other programs and activities. All endowed funds have one objective: to support initiatives not just for one year, or even one generation, but in perpetuity.

A donor may designate an endowed fund in his or her own name, as a tribute to a friend or loved one, or to honor a professor or mentor. An endowed fund may be established with cash, securities, real estate or through a bequest. (Source)

2) Belmont will provide the state organization a total of $11 million toward a ministry-endowment fund, and Tennessee Baptists will end their attempt to regain control, lost in 2004 when the school’s trustees acted to make it independent.

State convention messengers, or delegates, meeting in Kingsport, received the news from a negotiating committee with applause. The pact ends the convention’s 56-year-old relationship with the school and also likely marks the end of a sometimes bitter dispute. (Source)

3) Belmont University announced today the receipt of more than $10 million from the estate of the late Ed and Bernice Johnson, long-time friends of the university. For 16 years, Ed and Bernice Johnson ran a neighborhood gas station on Belmont Boulevard. During the Depression, the couple often helped Herman Lay keep his potato chip trucks on the road by allowing him to pay on credit. In 1948, Lay offered the Johnsons a chance to buy stock in his company. The couple’s initial investment of $8,000 grew exponentially with the company, which is now part of Frito-Lay and Pepsi-Co Inc. Following Bernice Johnson’s death in January 1998 (her husband died in 1994), $8 million from the Johnson estate was given to Belmont and directed toward scholarships in the College of Business Administration, primarily for accounting students. Additional funds from the Johnson estate were placed in a 10-year charitable remainder annuity trust, and those accumulated monies, $10 million, are now being released to Belmont, making the couple’s total bequest to the university equal more than $18 million. This represents one of the largest gifts in the history of Belmont University. (Source)

4) The Jack C. Massey Foundation, which honors the legacy of one of the country’s greatest entrepreneurs and businessmen, announced today a new gift of $6.75 million to Belmont University. With this donation, the Massey Foundation provides the lead gift in a planned $10 million renovation of Belmont’s Massey Business Center as well as secures a new name for Belmont’s College of Business Administration, now to be known as the Jack C. Massey College of Business.

The late Jack C. Massey (1904-1990) and his family have collectively been among Belmont University’s biggest benefactors. The first person in history to take three unrelated companies to the New York Stock Exchange, Massey’s gifts helped Belmont establish its undergraduate and graduate business programs and built both the Massey Business Center and the Massey Performing Arts Center. In addition, Massey’s gifts have endowed Belmont’s Chair in Entrepreneurship, leading the program to be among the best in the nation, as well as the Massey Center for Financial Information, the first financial training lab in Tennessee when it opened in 2005. (Source)

5) Dr. Robert (Bob) Fisher serves as President of Belmont University, a position he has held since April 2000. During his tenure the University’s enrollment has more than doubled while the campus itself has expanded significantly with the additions of the Curb Event Center and Beaman Student Life Center, the Gordon E. Inman Center, the Troutt Theater complex, McWhorter Hall and several new residence halls and parking garages. Under his leadership Belmont University also broke into the Top 5 for the first time in the Best Regional Universities South category in U.S. News & World Report’s analysis of America’s Best Colleges. Soaring to No. 5 in the 2011 edition, Belmont was also honored for the third year in a row as one of the top schools nationwide for “leading the pack in improvements and innovative changes.” (Source)

Portfolio Insights:“The Central Michigan University College of Business Administration Foundation (the “ Foundation”) is a not-for-profit foundation formed on January 28, 2011. The purpose of the Foundation is to financially support the charitable, educational, and scientific purposes of Central Michigan University by furthering the objectives and mission of the Central Michigan University College of Business Administration within Michigan. The Foundation is supported primarily through contributions.

Investments are stated at fair value. Investments in money market funds and mutual funds are based on quoted market prices. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed). Gains or losses on investments sold are determined using the specific identification method.” (Source)

1) Established in 1892, Central Michigan University (CMU) offers undergraduate and graduate courses to more than 28,000 students. CMU is a doctoral research-intensive institution offering more than 170 programs for bachelors, masters and specialists. Endowments are invested by the university and its incomes provide scholarships, fellowships, lectureships or faculty awards or fund academic programs, lectureships, academic professorships or artists-in-residence programs. CMU’s current endowment grew by 12.3 per cent to USD 59 million over the 2004-05 financial year.

Central Michigan University Endowment has a long term allocation of 5% of its total assets to alternative investments including hedge funds, natural resources, private real estate and commodities. The endowment has no specific allocation to hedge funds within this alternatives budget, and instead will invest opportunistically. (Source)

2) Efforts to begin a medical school at Central Michigan University are getting a boost with two $100,000 gifts from university leaders. President Michael Rao and board member Sam R. Kottamasu, a Saginaw radiologist, made the first two financial contributions to the $30 million to $50 million undertaking. School leaders want to build a medical school to enroll first-year students beginning in fall 2011 at the Mount Pleasant campus. Rao said he expects to hire a dean by spring, but he’s unsure when an official fundraising drive will begin. (Source)

3) The Humane Society of the United States encourages employers to implement programs to allow dogs in the workplace, and a recent study conducted by Central Michigan University confirms the benefits of such programs. The new research found that when dogs were present in a group, employees were more likely to trust each other and collaborate more effectively in the office.

“It’s heartening when research confirms our instincts and our practices,” commented Jennifer Fearing, co-author of Dogs at Work: A Practical Guide to Creating Dog-Friendly Workplaces and California senior state director for The Humane Society of the United States. “We heartily agree with the positive impact that dogs can have on workplace morale, collaboration and productivity. The more than 50 dogs that ‘work’ in The HSUS offices every day have been a huge boost that more companies should be enjoying.” (Source)

4) Central Michigan University President George Ross is to speak at the annual Black History Celebration at Victorious Believers Ministries in Buena Vista Township. The event takes place at 5 p.m. Sunday, Feb. 15, at the church, located at 624 S. Outer Drive. “The event will feature special music, poetry, dance and inspirational messages honoring the history and accomplishments of deceased and contemporary African Americans,” according to a news release. In 2010, Ross was appointed the 14th president of CMU, the state’s fourth largest public university and one of the nation’s 100 largest. “(He) believes in the transformative power of education on individual lives and the future of our communities, state and nation,” the release states. “Under his direction, CMU opened America’s 137th college of medicine in 2013 with a distinctive mission to prepare physicians desperately needed to serve rural and medically undeserved communities. The university’s business college is the North American leader in information systems. Likewise, CMU sales students have ranked top in the nation two years in a row.” (Source)

5) Central Michigan University president George Ross made his point loud and clear to the State Senate Subcommittee on Higher Education Thursday afternoon:

CMU needs more state funding.

Ross advocated for more per-student funding in order to bring CMU in line with other state universities and make up for a decrease in state-supplied funding.

“If we operated on state funding at Central Michigan University to serve our students, we would operate for 62 days,” Ross said. “State funding today accounts for 17 percent of our operating budget. Once upon a time, it was 75 percent, and that once upon a time wasn’t that long ago.” (Source)